Nikita Greentech Recycling Shuts Down Paper Unit for Capacity Expansion and New Machinery Integration
NIKITA GREENTECH RECYCLING LIMITED has announced the temporary shutdown of its Paper Unit PM-I to facilitate a major capacity expansion project. The shutdown is necessary for the installation, integration, upgradation, expansion, modification, and commissioning of new machinery and related equipment at the manufacturing facility located in Shamli, Uttar Pradesh.The production line closure is scheduled to begin on July 15, 2026. The company estimates that the temporary shutdown period will last approximately three months, with operations expected to resume by October 2026, pending successful completion of all installation and commissioning activities.
During this transition period, NIKITA GREENTECH is assuring stakeholders regarding business continuity. Operations at Plant Unit PM-II will continue uninterrupted. The company confirmed that it will meet key customer requirements through its finished goods inventory and ongoing production from Plant Unit PM-II, ensuring no adverse impact on supply commitments.
The planned expansion aims to improve the operational efficiency, product quality, and overall production capacity of the existing Paper Unit PM-I.
Financial Details of Paper Unit PM-I
The company provided detailed insights into the performance and status of the Paper Unit PM-I during the last financial year, as part of the transition process.| Particulars | Details |
|---|---|
| Financial Year | FY 2025-26 |
| Paper Unit (PM-I) Turnover | ₹13,127.69 lakh |
| Total Company Turnover | ₹35,007.17 lakh |
| PM-I Contribution to Turnover | Approximately 37.50% |
| Company Net Worth (as on March 31, 2026) | ₹17,873.82 lakh |
| Planned Shutdown Period | July 15, 2026, through October 2026 |
| Reason for Closure | Installation, integration and commissioning of upgraded machinery and related equipment to improve production capacity and quality. |
NIKITA GREENTECH RECYCLING LIMITED has committed to keeping the Stock Exchange informed regarding any material developments relating to this expansion project and will promptly announce the resumption of operations once the capacity expansion activities are completed.
NIKITA Stock Price Movement
Shares of NIKITA GREENTECH RECYCLING LIMITED are surging in live trading, gaining 4.94% and currently resting at ₹81.8 as of 12:53 PM. The stock maintains high activity within the session, with 9,600 shares traded while it stays within its intraday range of ₹80 to ₹81.8.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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