Packaging options supplier Yash Pakka Ltd., which has been listed on the BSE since 1992, on Monday received listed on the NSE in a brand new id ‘Pakka Ltd.’ to reinforce investor base.
The firm, which offers regenerative packaging to QSR, meals carry and meals providers, has introduced capability enlargement at its Ayodhya unit with funding of ₹550 crore. The enlargement is anticipated to be operational in 2025, stated Ved Krishna, vice chairman, Pakka Ltd.
The firm has additionally introduced plans to arrange a manufacturing facility at Guatemala in North America with an funding of $250 million. This unit, with a manufacturing capability of 400 tonnes per day, is anticipated to be operational in 2027.
“This will be the world’s largest compostable flexible packaging and moulded fibre facility, based on bagasse fiber,” Mr. Krishna stated.
The firm stated it has been focusing on creating and supplying compostable packaging options as different for single-use plastic.
Jagdeep Hira, MD, Pakka Ltd. stated, “Our listing on the NSE with a new identity means that we are serious to scale up regenerative food packaging around the world. We have developed a go-to-the-market strategy encompassing value added products, new geographies, and new tie-ups for enhancing manufacturing capacity.”
