Board of Directors of Kanpur Plastipack Limited in its meeting held on November 12, 2021, have approved the New Capex. The details of the Capex is given herein below: Total Cost of Proiect is INR 967.8 million; proposed capacity addition = 9750 MT (CPP Division); Period within which the Proposed capacity is to be Added = 15 to 18 months; investment required = INR 967.8 million; Means of Financing: Term Loan from Bank: INR 620 million (Under Consortium financing); and Internal Accruals: INR 347.8 million. The company wishes to diversify its product portfolio and, simultaneously enter into a low manpower and high capex line of business, whose primary focus would be the domestic market. KPL now proposes to set up a production line for manufacturing of Cast Polypropylene (CPP) film at the existing location of Gajner Road (Unit 3) plant located at Village Fatehpur Roshnai, Kanpur Dehat. The machines selected would have an installed numberplate capacity of 9750 MT per annum. The company is confident of being able to market all its production according to plans.