JPFLJindal Poly Films Ltd. (India)
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26 October 2012 - Indian packaging films producer Jindal Poly Films Limited (BOM:500227), or JPFL, said today it had signed an accord to buy the Biaxially Oriented Polypropylene (BOPP) global films business of ExxonMobil Chemical Company, a unit of US oil and gas group Exxon Mobil Corporation (NYSE:XOM), or ExxonMobil.
Hemant Sharma, CEO of JPFL, said in a comment that the company was excited to take over the business, which, according to him, has an excellent portfolio of premium products, as well as industry leading technology and research and development.
Both NSL & SPCPL have similar business profile and deal in packaging films manufactured by Jindal Poly Films Limited (JPFL).