Ganesha Ecosphere To Setup Greenfield Project in Odisha

Ganesha Ecosphere Limited (GESL), a leading company in sustainable plastic recycling, is expanding its operations. The company is setting up a new plant in Odisha to increase production and meet the growing demand for eco-friendly PET products.

Greenfield Project in Odisha  

Ganesha Ecosphere Limited (GESL) is expanding through its wholly owned subsidiary, Ganesha Ecopet Private Limited. The company is building a new greenfield project in Odisha to increase the production of rPET chips and granules.

Earlier, it had planned a 45,000 tons per annum (TPA) facility, but now it has decided to expand the project. The new plant in Odisha will have a larger capacity of 67,500 TPA, showing the company’s commitment to sustainable manufacturing.  

Investment and Project Scope  

Along with the Odisha greenfield project, GESL is also expanding its Warangal plant from 42,000 TPA to 64,500 TPA, bringing the total additional capacity to 90,000 TPA. 

The company currently utilises around 75% of its existing production capacity and aims to expand to meet growing demand. 

The project will cost around ₹700-750 crore which will be funded through a mix of debt, equity and internal resources. The expansion is expected to be completed in about 18 months.

Strengthening Market Presence  

GESL’s new greenfield project in Odisha is part of its long-term plan to grow in the recycled PET industry. This expansion will improve production, meet rising demand and support sustainability.

By increasing its manufacturing capacity, GESL aims to strengthen its position in the eco-friendly plastics market. The company has also informed stock exchanges about this development, showing its focus on business growth and environmental responsibility.

GESL Share Performance 

As of February 04, 2025, at 2:45 PM, GESL shares are trading at ₹1,733 per share, up 0.36% from yesterday’s closing price. Over the last month, the stock has fallen by 7.13% and over the last year, it has declined by 12.50%. The stock has a 52-week high and 52-week low of ₹2,484.20 per share and ₹900 per share respectively.

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