Phillips Carbon Black lines up Rs 1,300-1,400 crore capex by FY23

RP-Sanjiv Goenka Group firm Phillips Carbon Black Ltd (PCBL) to pump about Rs 1,300-1,400 crore over the next two years on capacity expansion, a top company official said.
The expansion lined up is one Rs 800 crore greenfield plant near Chennai and brownfield expansion in Mundra for specialty carbon that would entail an investment of Rs 300-350 crore. The carbon major will pump Rs 100 crore in research and development facilities in Belgium and India, he said.
“Keeping the group’s vision under Sanjiv Goenka to become a top global carbon black player, the company is ramping up capacity and total investment in two years will work to be around Rs 1,400 crore and of which about Rs 1,200 crore will be directed at greenfield plant in Tamil Nadu and brownfield expansion in specialty carbon at Mundra. Rest of the amount will be infused for R&D and maintenance capex of existing plants,” PCBL managing director Kaushik Roy told PTI when asked if Covid impacted expansion.
PCBL now produces …RP-Sanjiv Goenka Group firm Phillips Carbon Black Ltd (PCBL) to pump about Rs 1,300-1,400 crore over the next two years on capacity expansion, a top company official said.
The expansion lined up is one Rs 800 crore greenfield plant near Chennai and brownfield expansion in Mundra for specialty carbon that would entail an investment of Rs 300-350 crore. The carbon major will pump Rs 100 crore in research and development facilities in Belgium and India, he said.
“Keeping the group’s vision under Sanjiv Goenka to become a top global carbon black player, the company is ramping up capacity and total investment in two years will work to be around Rs 1,400 crore and of which about Rs 1,200 crore will be directed at greenfield plant in Tamil Nadu and brownfield expansion in specialty carbon at Mundra. Rest of the amount will be infused for R&D and maintenance capex of existing plants,” PCBL managing director Kaushik Roy told PTI when asked if Covid impacted expansion.
PCBL now produces …Read More