The deal, valued at approximately Rs 489 crore, will lead to a 25 percent stake of KKR Jupiter in JBF Industries, a leading manufacturer of polyester value-chain products.
Rakesh Gothi, managing director, JBF Industries in an interview to CNBC-TV18 said, the company could operate at higher production levels due to debottlenecking done last year. It is also expanding its UAE plant in the film line. With all this, the top line is expected to be much better than last year.