Finolex Industries is increasing its capacity to produce polyvinyl chloride (PVC) pipes to 52,000 tonne a year during the current fiscal.
The company is the largest producer of PVC pipes in the country and enjoys an over 20 per cent market share.
The company is increasing its capacity in anticipation of a growing demand for irrigation as well as drinking water across the country.
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Besides the demand is also expected from government/ quasi government bodies for urban/rural water supply and sanitation.
The company has informed the exchange that