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RP-Sanjiv Goenka Group owned Phillips Carbon Black (PCBL) will be investing Rs 300 crore in the current financial year to increase its installed capacity by 80,000 tonnes in its plants in Mundra and Palej. The move will result in upping its annual production capacity to 5,60,000 tonnes by March 2019.
This quarter, the company had utilised 98 per cent of its 4,80,000 installed capacity which called for increasing the same.
Besides, it is also planning another 1,20,000 tonnes greenfield project and is currently shortlisting locations in Tamil Nadu and Andhra Pradesh.
Sanjiv Goenka, the company's chairman said that it has
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