India's AGI Greenpac gains on announcing capacity expansion to meet demand

AGI Greenpac

16/09/2025 07:17

** Shares of AGI Greenpac AGIG.NS rise as much as 3.35% to 881.9 rupees apiece; stock last up 2.1%

** The packaging products company says it is undertaking two de-bottlenecking exercises to revamp its container glass facility to 1,900 tonnes per day (TPD) from 1,850 TPD

** AGIG also announces enhancement of its speciality glass facility to 200 TPD from 154 TPD at an estimated capital expenditure of 470 million rupees, to be financed through internal accruals

** Increased capacity is expected to be commenced by March 2026, AGIG says

** The capacity expansion is aimed at meeting high demand in premium market segments such as cosmetics, perfumery, luxury beverages, alco-beverage, food, pharma and chemical segments, AGIG says

** AGIG shares are down 24% in 2025 so far, lagging the 4% drop in Nifty microcap 250 index .NIFTYMICROCAP250, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))