AGI Greenpac Limited , a prominent player in the packaging industry, has found itself embroiled in a power procurement dispute with the Southern Power Distribution Company of Telangana Limited (TGSPDCL). The company recently received a substantial demand notice of ₹40.61 crore from TGSPDCL, a government undertaking of Telangana, for surplus power procured from Andhra Pradesh Gas Power Corporation Ltd (APGPCL).

Demand Notice Details

The demand notice covers a significant period, spanning from 2002 to 2022, and pertains to power drawn in excess of the contracted quantum. AGI Greenpac, operating as a beneficial shareholder under a group captive power arrangement, had been procuring surplus power from APGPCL and making direct payments at applicable rates.

Company's Stance

AGI Greenpac contends that TGSPDCL issued the demand notice without considering the payments already made to APGPCL. In response to this disputed claim, the company has taken legal action by filing a special leave petition (SLP) before the Supreme Court of India. The petition, filed under SLP(C) No. 004715/2024, has been admitted and is currently pending before the apex court.

Regulatory Compliance

In adherence to regulatory requirements, AGI Greenpac has duly informed the stock exchanges about this development. The company filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with its stakeholders.

Market Response

The news of the demand notice and subsequent legal action appears to have had a marginal impact on investor sentiment. AGI Greenpac's shares closed at ₹933.35 on the day of the announcement, reflecting a slight decline of 0.36% in its stock price.

As the legal proceedings unfold in the Supreme Court, stakeholders will be keenly watching for any developments that could impact AGI Greenpac's financial position or operations. The resolution of this power procurement dispute could have implications not only for AGI Greenpac but potentially for other companies operating under similar power arrangements in the region.

AGI Greenpac Limited , a leading packaging solutions provider, has reported robust financial results for the first quarter, showcasing strong growth across key metrics. The company has also announced a strategic entry into the aluminum can manufacturing sector, marking a significant expansion of its product portfolio.

Strong Q1 Performance

AGI Greenpac delivered impressive quarterly results, with total income rising 25% year-on-year to ₹721.00 crore, compared to ₹577.00 crore in the same quarter of the previous year. The company's net profit surged by 41% to ₹89.00 crore from ₹63.00 crore in the same period last year. EBITDA also saw a substantial increase of 20%, reaching ₹176.00 crore compared to ₹147.00 crore in the corresponding quarter.

Operational Highlights

The company reported operating at over 95% capacity utilization across its existing plants, indicating strong market demand. AGI Greenpac projects an 8-10% growth for the current fiscal year, reflecting its positive outlook.

Strategic Expansion into Aluminum Can Manufacturing

In a significant move, AGI Greenpac's Board has approved a strategic entry into the aluminum can manufacturing sector. The company plans to invest ₹1,000.00 crore in two phases for a new state-of-the-art manufacturing plant in Uttar Pradesh. The facility is expected to be operational by Q3 FY28, with an initial capacity of 950 million cans, expanding to 1.6 billion cans by FY30.

Glass Manufacturing Expansion

Alongside the aluminum can venture, AGI Greenpac announced a ₹700.00 crore expansion in its glass manufacturing capacity in Madhya Pradesh. This investment will add 500 tons of daily capacity, increasing the company's overall glass production by 25%.

Financial Position

As of June 30, 2025, AGI Greenpac's financial position was as follows:

The company demonstrated its commitment to financial prudence by prepaying ₹193.50 crore of term loans in July 2025.

Future Outlook

AGI Greenpac's management has set ambitious growth targets, aiming for sustained 15-20% growth from FY27 onwards. The company aspires to double its top line every 4 years, reflecting confidence in its expansion strategy and market potential.

AGI Greenpac's strategic investments in both glass and aluminum can manufacturing position the company to capitalize on the growing demand for diverse packaging solutions in India's rapidly evolving consumer market.