PET recycling has got tremendous growth potential: With changing lifestyle and higher disposable income, Indian PET demand is expected to grow at 7.5% pa from current level of 3.40 lac TPA. Current PET recycling capacity in India is 1.57lac TPA, thus by Y 2012, India will have 2.00Lac TPA excess PET waste (130% more than installed recycling capacity). Ganesh Polytex Ltd, with largest PET recycling capacity will be natural beneficiary of this untapped emerging growth opportunity. Capacity expansion will lead to growth in turnover: By FY12E Ganesh Polytex will be expanding recycling capacity by another 14400 TPA .This will take RPSF capacity to 72000 TPA by FY12E. It will also set up a recycled POY yarn manufacturing facility with a capacity of 15000TPA . Because of enhanced capacity, Turnover in FY12E will grow to Rs 351 cr from Rs 199 cr in FY 10.
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