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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

Phillips Carbon Black

Avishek Rakshit  |  Kolkata 

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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.



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