AGI Greenpac Diversifies with ₹10B Investment, Targets 1.6 Billion Can Capacity by FY30

AGI Greenpac Ltd. has entered the fray of aluminum beverage can in a major way by announcing the setting up of a world-class facility in Uttar Pradesh with a game-changer investment of ₹10 billion. The plant, commencing production in the third quarter of FY2027-28, is the company's aggressive foray into the market from its humble beginnings in glass packaging and is a strategic gamble on green packaging solutions in the beverage sector.

 

Key Highlights
Large-scale Investment: Total capital expenditure of ₹10,000 million (₹1,000 crore) on the multi-stage project, emphasizing AGI Greenpac's commitment to packaging innovation.

 

Uttar Pradesh as Launchpad: The new facility will become a reality in Uttar Pradesh with production to be started by Q3 FY28.

 

Two-Stage Rollout:

Phase 1: Initial yearly capacity of 950 million aluminium cans. Commercial production will begin in Q3 FY28 with a domestic beverage majors and value-added segment orientation.

Phase 2: Increasing the capacity to a staggering 1.6 billion cans per year by FY2030, making AGI Greenpac among India's top aluminum can producers.

 

Financing: It will be financed through a mix of debt and internal accruals that tap into the financial muscle and business savvy of the firm.

 

Strategic Background: This expansion is based on AGI Greenpac's long-standing packaging history, aiming to address increasing demand in the soft drinks, energy drinks, beer, and other rapidly expanding beverage segments with innovative and sustainable packaging.

 

AGI Greenpac's foray into aluminum packaging not only diversifies its product portfolio but also strengthens its market position as a leader in offering green, high-quality packaging solutions—giving a significant impetus to indigenous manufacturing and the state of Uttar Pradesh.

 

Source: Thomson Reuters, MarketScreener, MarketScreener News, RedboxGlobal India, AGI Greenpac Board Meeting Releases.