You are here: Home » Companies » News
Business Standard

Phillips Carbon Black lines up Rs 800 crore investment to up capacity

The present installed capacity at PCBL is 4.72 lakh tonne and the capacity utilisation stands at 99 per cent

Topics
Phillips Carbon Black

Avishek Rakshit  |  Kolkata 

India witnesses an upswing in truck and bus radial tyres import

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 Ltd (PCBL) has earmarked at least 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.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, October 24 2017. 19:51 IST
RECOMMENDED FOR YOU
.