DCW Limited, a leading specialty chemical company in India, intends to expand its CPVC capacity by 10KT. The company also intends to increase the capacity utilisation of its SIOP plant to 100% with some line balancing Capex in order to generate an additional 10KT of production per year.
According to the company's estimates, the CPVC project will be completed in the second half of FY24, and SIOP de-bottlenecking will be completed by Q1 of FY24.
â€œWe are also committed to expanding our specialty portfolio in the future, and our strategy and R&D teams are already focused on the next growth drivers and identifying products relating to chlorine and other related chemistry to add/expand to our portfolio,â€ commented Vivek Jain, Managing Director, DCW Limited.
The Company, on the other hand, is making concerted efforts to expedite the projects. DCW is investing approximately Rs125 crore in both of these projects and anticipates a significant increase in profitability due to the high margin profile of these products.
At around 9.22 AM, DCW Ltd was trading at Rs53.80 up by 4.57% from its previous closing of Rs51.45 on the BSE. The scrip opened at Rs53.90 and touched intraday high and low of Rs55 and Rs53.65 respectively.
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