Shilp Gravures approves USD 0.70m Karnataka plant, lifting cylinder capacity 19%
Shilp Gravures' board has approved a INR 67.1m (USD 0.70m) capital expenditure to build a new gravure cylinder plant in Karnataka, India. The facility will add over 18,000 cylinders a year to the company's existing 94,000-unit Gujarat capacity, a rise of about 19.15%, funded entirely from internal accruals. Operations are targeted to start during the Indian financial year 2026-27.
Why this mattersAn extra 18,000 cylinders a year from 2026-27 points to sustained rotogravure demand among flexible packaging converters in southern India.
- Capital expenditure approved: INR 67.1m (USD 0.70m), split INR 57.1m for plant and machinery and INR 10m for setup costs
- New Karnataka facility adds over 18,000 gravure cylinders a year
- Existing capacity is approximately 94,000 cylinders a year at Rakanpur, Gujarat
- Combined capacity rises to over 112,000 cylinders a year, an increase of about 19.15%
- Funding is 100% from internal accruals
- Operations are targeted to begin in financial year 2026-27
Sources
sahi.com