<h1>Nikita Greentech Recycling Halts Paper Unit Production Line for Capacity Expansion</h1>
Nikita Greentech Recycling Limited (formerly Nikita Papers Limited) has announced the temporary shutdown of its Paper Unit (PM-I) production line at its manufacturing facility in Shamli, Uttar Pradesh. The halt is scheduled to facilitate significant upgrades and expansion activities aimed at improving operational efficiency and increasing production capacity.
The Paper Unit (PM-I) will be temporarily shut down starting July 15, 2026. This planned shutdown is necessary for the installation, integration, upgradation, modification, and commissioning of new machinery and related equipment within the existing production line.
Management estimates that the temporary closure period will span approximately three months, with operations expected to resume by October 2026, provided the installation, integration, and commissioning activities are successfully completed. The company stated it will make every effort to restore operations at the earliest possible date.
During this transition period, the operations of Plant Unit (PM-II) will continue uninterrupted. To maintain supply commitments, Nikita Greentech Recycling Limited confirmed that its finished goods inventory and ongoing production from Plant Unit (PM-II) will ensure there is no adverse impact on customer requirements.
Financial Overview of Paper Unit (PM-I)
The temporary closure impacts the specialized PM-I unit, which contributed substantially to the company's turnover during the last financial year. Key operational and financial details regarding the unit and the company are provided below:| Particulars | Details |
|---|---|
| Unit Shut Down Date | July 15, 2026 |
| Estimated Resumption Date | October 2026 |
| PM-I Turnover (FY 2025-26) | ₹13,127.69 lakh |
| Company Total Turnover | ₹35,007.17 lakh |
| PM-I Contribution to Turnover | Approximately 37.50% |
| Net Worth (as on March 31, 2026) | ₹17,873.82 lakh |
The expansion project for the Paper Unit (PM-I) is intended to improve production capacity, operational efficiency, and product quality through the integration of upgraded machinery.
Nikita Greentech Recycling Limited confirmed it will keep stakeholders informed regarding any material developments related to this initiative and plans to promptly announce the resumption of operations upon the completion of the capacity expansion activities.
Stock Price Movement
At the close of trade on Tuesday, shares of Jolly Plastic Industries Ltd settled at ₹36.05, a decline of 1.93%. The stock remained completely locked throughout the trading session, as both the intraday high and low were identical at ₹36.05.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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