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Phillips Carbon Black
RP-Sanjiv Goenka Group firm Phillips Carbon Black Ltd (PCBL) to pump about Rs 1,300-1,400 crore over the next two years on capacity expansion, a top company official said. The expansion lined up is one Rs 800 crore greenfield plant near Chennai and brownfield expansion in Mundra for specialty carbon that would entail an investment of Rs 300-350 crore. The carbon major will pump Rs 100 crore in research and development facilities in Belgium and India, he said. "Keeping the group's vision under Sanjiv Goenka to become a top global carbon black player, the company is ramping up capacity and total investment in two years will work to be around Rs 1,400 crore and of which about Rs 1,200 crore will be directed at greenfield plant in Tamil Nadu and brownfield expansion in specialty carbon at Mundra. Rest of the amount will be infused for R&D and maintenance capex of existing plants," PCBL managing director Kaushik Roy told PTI when asked if Covid impacted expansion. PCBL now produces ...
After posting its best-ever quarterly results in the second quarter of the current fiscal year when net profits surged past 300 per cent at Rs. 50.78 crore, RP-Sanjiv Goenka Group owned Phillips Carbon Black Ltd (PCBL) has earmarked atleast Rs. 800 crore to further its production capacity.As part of its brownfield expansion plan, the company will be investing Rs. 300 crore over the next 12 months to up its production capacity by 80,000 tonne in Mundra and Palej plants in Gujarat. In a second, PCBL will be coming up with a greenfield plant with an expected 1,20,000 tonne capacity in south India where an investment of Rs. 500-600 crore will be made.Goenka said states like Andhra Pradesh, Telengana and Tamil Nadu is under consideration for the greenfield project and the deal may be finalised in the next couple of months.The present installed capacity at PCBL is 4.72 lakh tonne and the capacity utilisation stands at 99 per cent. "Growth is the tyre business is expected to be around 5-6 ...
RP-Sanjiv Goenka Group owned Phillips Carbon Black (PCBL) will be investing Rs. 300 crore in the current fiscal year to increase its installed capacity by 80,000 tonne in its plants in Mundra and Palej. The move will result in upping its annual production capacity to 5,60,000 tonne by March 2019.This fiscal quarter, the company had utilised 98 per cent of its 4,80,000 installed capacity which called for increasing the same. Besides, it is also planning another 1,20,000 tonne greenfield project and is currently shortlisting locations in Tamil Nadu and Andhra Pradesh.Sanjiv Goenka, the company's chairman said that it has 60 acres of land in Tamil Nadu which is the most likely location for the new project but Andhra Pradesh is also a possible location for the upcoming plant."We are keen for a south based location for the new unit although we are considering Gujarat. Most of the new projects and expansions of the tyre companies are taking place in south India and so we are keen on that ...