As India’s beverage and lifestyle sectors continue to shift toward premium packaging, AGI Greenpac is making a bold play to tap into this rising demand not just with glass, but now with aluminium too.
Image for representational purpose
The company on Tuesday unveiled plans to invest INR 1,000 crore as it ventures into aluminium can manufacturing. The news, coupled with a strong quarterly earnings report, sent AGI Greenpac shares soaring nearly 15 per cent, closing at INR 972.85 on the BSE.
The company will set up the new manufacturing facility in Uttar Pradesh with plans to produce 1.6 billion aluminium beverage cans annually. The rollout will happen in two phases: the first stage, adding 950 million cans per year, is expected to be operational by the third quarter of FY 2027-28. The full capacity is targeted by March 2030.
CMD Sandip Somany said, “This new venture offers strong synergies with our existing glass packaging business. Both categories serve the alcohol and F&B industries, allowing for leveraging existing customer relationships, distribution networks and supply chain efficiencies.”
The announcement came alongside the company’s Q1 results, where AGI Greenpac reported a 41 per cent year-on-year jump in standalone net profit to INR 89 crore. Total income rose 25 per cent to INR 721 crore, driven in part by a shift in product mix towards high-margin segments such as cosmetics, perfumery, and alcohol.
Also read: From cars to cans: the ripple effects of America’s 50% aluminium tariff on end-users
This is the second major investment push from AGI Greenpac in recent months. Back in March, the company unveiled plans for a INR 700 crore greenfield glass plant in Madhya Pradesh to expand its daily manufacturing capacity from 2,100 to 2,600 tonnes by March 2027.
From glass bottles to aluminium cans, AGI Greenpac appears to be doubling down on future-ready packaging positioning itself to meet the evolving needs of India’s consumer markets.
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