Technopack Polymers Ltd to set up SACMI 26/22 Beverages Cap Production Line

Technopack Polymers Limited has ordered SACMI 26/22 Beverages Cap Production Line with capacity of 60000 Cap/Hour from SACMIIMOLA S.C., ITALY. The company has already transferred 25% advance payment of EURO 232500.00 to SACMIIMOLA S.C. against total invoice amount is EURO 930000.00. Total project cost is around Rs. 108800000.00.

SACMI Lab developed cost effective solution for Indian Packaged Drinking Water Market i.e. 26/22 GME 30.28 cap. It is light weight solution with saving of 35% HDPE plastic. In India 26/22 cap is first production line from SACMI IMOLA S.C.

The company is already having space available at its Morbi Production facilities, and In-Principle loan sanction received from our banker i.e. Indian Overseas Bank Ltd.

Shares of Technopack Polymers Limited was last trading in BSE at Rs. 85.15 as compared to the previous close of Rs. 89.60. The total number of shares traded during the day was 34000 in over 17 trades.

The stock hit an intraday high of Rs. 85.15 and intraday low of 85.15. The net turnover during the day was Rs. 2895100.00.

Source : Equity Bulls

Keywords

TechnopackPolymers INE0MXP01015 PlasticProducts Expansion BeveragesCap ProductionLine