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

Relevant to you? Yes No