City-based power and water transmission equipment maker, Skipper Ltd, today said it has put up a new PVC pipe manufacturing facility in Gujarat.
The company, in a statement, said this is the first time it has set its foot outside eastern India, with this Rs 10-crore facility.
"The Indian PVC pipes and fittings market is pegged at Rs 20,000 crore by FY19, growing 7-8 per cent per annum. Apart from a Rs 10-crore capex, the company will pump in Rs 50 crore for working and marketing requirements," Skipper director Devesh Bansal said.
The PVC business of the company has notched up a phenomenal 100 per cent growth, outstripping the industry figure of 8 per cent and capturing a significant share in the eastern zone, the company said.
