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Gravita India starts commercial production of PPCP Granules

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Capital Market

At its plant in Chittoor, Andhra Pradesh

Gravita India has started commercial production of PPCP Granules by installing new imported washing line and extrusion line which is having annual capacity of 1200 MTPA at its plant situated at Chittoor, Andhra Pradesh. The production from said plant will cater the needs of Injection Moulding and Non]woven fabric industry globally.

The Company has plans to increase the capacity of said plant to 6000 MTPA by installing two more plastic recycling lines. This plastic recycling plant is replica of existing plant situated at Phagi, Jaipur which is running successfully and will help the company to increase its Topline and Bottom]line in coming FY 2018]19.

 

The Company has plans to make investment of Rs. 5 crore out of which Rs. 28 lakh has been invested for procuring and commissioning of above mentioned washing and extrusion line having capacity of 1200 MTPA from internal accruals of the company.

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First Published: Apr 09 2018 | 6:15 PM IST

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