Hyderabad-based Srichakra Polyplast has outlined a capital expenditure plan of ₹425 crore to significantly expand its food-grade recycled PET (rPET) capacity, as it eyes ₹1,000 crore in revenue by FY27–28, according to senior company officials.
The expansion will increase the company’s processing capacity from around 90,000 tonnes to over 113,000 tonnes by 2026, adding more than 23,000 tonnes. The investment is aimed at strengthening its capabilities in high-spec, food-grade recycling, a segment witnessing growing demand.
Srichakra, which posted revenue of ₹227 crore in FY25, expects to nearly double its topline to about ₹400 crore in FY26. Officials indicated that the planned capacity addition will play a key role in driving this growth.
The company is adopting a distributed expansion model rather than relying on a single large facility. A major portion of the new capacity will be anchored at its upcoming plant in Krishnagiri, while additional scaling will take place through its Gujarat-based joint venture.
Srichakra’s existing operations in Telangana will continue to serve as its core processing hub. The company also plans to gradually expand its footprint into eastern and northern markets as part of its long-term growth strategy.
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