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Ester Industries Limited ( (IN:ESTER) ) has issued an update.
Ester Industries Limited, through its joint venture with Loop Industries, has awarded a detailed engineering contract to Toyo Engineering India for the Infinite Loop India project. This project aims to establish India’s first Infinite Loop facility, which will convert textile and plastic waste into high-quality PET resin. With Nike as the anchor customer and strong financial backing, the project is set to complete by the end of 2027, reinforcing Ester’s commitment to sustainable recycling solutions.
More about Ester Industries Limited
Ester Industries Limited operates in the industrial and petrochemical sectors, focusing on manufacturing and recycling technologies. The company is involved in a joint venture with Loop Industries to develop innovative recycling solutions, particularly in the PET resin market, which is crucial for packaging and textiles.
Average Trading Volume: 15,144
Technical Sentiment Signal: Hold
Current Market Cap: 10.41B INR
For a thorough assessment of ESTER stock, go to TipRanks’ Stock Analysis page.