Polyplex Corporation has made announcement that the company plans to pump up to Rs 370 million in hydro power projects.

According to the sources, the funding of the proposed projects will be done through company’s internal accruals / surpluses of its subsidies.

The sources further revealed that company’s products include plain, corona and chemically-treated transparent films; high adhesion and barrier films, ultra clear films, hazy films, matte films, co-extruded films, and metallized films.

Polyplex Corporation Ltd, is one of the leading conglomerate in the business of making and selling of PET Resin, Polyster Film, Metallized film, Yarn grade film etc.

Stock of Polyplex Corporation closed at Rs 108, down 5.26 percent on National Stock Exchange (NSE). The total volume of shares at NSE was 1.