Gujarat Raffia Industries enters renewable space

Shifting its focus, Gujarat Raffia Industries Ltd (GRIL) is planning a foray in the solar power space. The firm is a leading manufacturer and exporter of HDPE Tarpaulins, Plastic Sheeting, and Ground Sheeting. Along with expanding capacity in its core business and expanding export footprints, the company is laying a roadmap to firm up plans in solar energy. The company in its annual report of 2022-23 has stated that the company has raised borrowing for purchase of machinery and solar plant

Established in 1984, Gujarat Raffia Industries Limited is one of the major manufacturers of PE Tarpaulin, Plastic Sheeting, Ground Sheeting, Geomembrane, Tents, Shelters, Pond Lining, Canal Lining, Fumigation cover, HDPE Woven Bags, PP Woven Bags, Vermibed and Ropes etc. Company’s plants have all the latest manufacturing facilities and have top quality measures for good working environment. The products that company offer like Tarpaulins, Tents, Geomembrane, Vermibed, Agro sheets, Fumigation covers, PP Bags etc. are completely maintenance free.

For FY22-23 company reported export turnover of Rs. 10.33 crore, over 25% jump from exports of Rs. 8.23 crore reported in FY21-22. The Company has successfully initiated its efforts for increasing exports and has set a target of exporting more than 40% of its production. Company currently exports to countries including USA, UK, Israel, Yemen, Hungary, Romania among others.