Ganesha Ecosphere plan to increase installed capacity of RPSF by 21,000 TPA

Ganesha Ecosphere, manufacturers of greige and dyed, texturised, doubled and twisted yarns for knitting and weaving applications, from virgin and recycled polyester. They have decided to increase its installed capacity by setting up another production line of Recycled Polyester Staple Fibre (RPSF).

The company plans to increase the capacity of its unit situated at Temra, Bilaspur, Rampur district in the state of Uttar Pradesh by 21,000 tons per annum (TPA), making consolidated RPSF capacity of the company to 1,08,600 TPA.

Ganesha Ecosphere is a widely held company engaged in the recycling of post consumer PET bottle waste into Recycled Poyester Staple Fibre (RPSF). The Company has two units located at Kanpur (U.P.) and Rudrapur (Uttarakhand), while its registered office is located in Kanpur.

Main markets of the company includes: North America, South America, Western Europe, Eastern Europe, Eastern Asia, Southeast Asia, Mid East, Africa and Oceania

Ganesha Ecosphere is currently trading at Rs. 177.00, up by 1.25 points or 0.71% from its previous closing of Rs. 175.75 on the BSE. The scrip opened at Rs. 177.00 and has touched a high and low of Rs. 177.00 and Rs. 177.00 respectively.

The promoters holding in the company stood at 45.35%, while Institutions and Non-Institutions held 8.47% and 46.18% respectively.