Jindal Poly Films to fully acquire solar film maker Enerlite

Jindal Poly Films Limited (JPL), a major player in packaging films, has announced plans to acquire full ownership of Enerlite Solar Films India. Enerlite manufactures encapsulation films used in photovoltaic (PV) modules.

JPL currently holds a 33.05% stake in Enerlite. The acquisition, conducted on an arm’s length basis, will make Enerlite a wholly owned subsidiary. Completion is expected within six months, pending regulatory approvals.

This move aligns with JPL’s strategy to expand into the solar components sector.

About Jindal Poly Films

JPL is part of the B.C. Jindal Group and is India’s largest producer of flexible packaging films. Its product range includes:

• Biaxially Oriented Polypropylene (BOPP) films

• Biaxially Oriented Polyethylene Terephthalate (BOPET) films

• Cast Polypropylene (CPP) films

• Metallized, coated, and thermal lamination films

• Non-woven fabrics

• Self-adhesive labels through its subsidiary SMI Coated Products

The company operates a large manufacturing facility in Nasik, Maharashtra, and has a global presence through subsidiaries in Europe and the U.S.