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.
“We 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,” 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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