Nahar Polyfilms Ltd

Nahar Polyfilms Ltd

Nahar Polyfilms Ltd. was established as a Public Limited Company on November 11th 1988 promoted by the Oswals and their Associates.The Company is engaged in the Manufacturing of BiAxially Oriented Polypropylene Films (BOPP). To begin with the Company started manufacturing and exporting cotton hosiery garments and knitwear. To integrate backward it established a spinning unit (inst. cap. : 25000 spindles) which was completed in Aug.'92. By Nov.'94 its spindleage increased to 40128.It set up a new spinning unit (inst.cap.: 25000 spindles). To part-finance the project the company came out with a rights issue in Sep.'94. Cotton yarn and synthetic yarn manufactured by the company is mainly used as a raw material in the manufacturing of hosiery textiles woollen garments furnishing fabrics etc. The major users of the company's products are the knitting industry the handloom sector and the weaving industry. The company has an obligation to export part of its production against import of capital equipments. The company exports to the UK Switzerland Germany Australia Taiwan Hong Kong etc. The efforts made by the company to achieve its goal is evident from the rapid improvement in its export performance. In 1994-95 the company was awarded the ISO 9002 certification by the Bureau of Indian Standards.During 1995-96 the installation of new spinning unit of 25000 spindles is in progress. In 1998-99 it installed 24960 spindles at it 100% EOU at Village Lehli-Lalru Patiala Dist Punjab and has replaced 7056 spindles as a part of its modernisation plan.The company has implemented a modernisation & upgradation scheme for both its Spinning units at Village Jitwal Kalan & Rishab Spinning Mills. The total capital outlay for the scheme is Rs.19.00 crores and is being part financed by way of loan of Rs.15.00 crores and rest by internal accruals. Besides it has decided to install 2 Gen sets with a capacity of 3 MW at cost of Rs.13.00 crores. The installation of the Gen sets is expected in the second quarter of the 2003-04.In 2007 the Company diversified business activities into Biaxially Oriented Poly Propylene Films (BOPP) Plant by putting a Project of approx. Rs.300 Crore in the State of Madhya Pradesh and started operation on 20th May 2010. The National Stock Exchange of India Ltd and The Stock Exchange Mumbai approved the change of Company's name from 'Nahar Investments and Holding Ltd' to 'Nahar Poly Films Limited' with effect from June 15 2011. Later the Company started commercial production of BOPP Film plant in February 2022 which increased the installed capacity to 60000 TPA.