DCW Ltd’s share price is set to be in the spotlight on October 18 as the company plans to invest ₹140 crore to expand its Chlorinated Polyvinyl Chloride (CPVC) production capacity. The investment will be funded through a combination of bank financing and internal accruals, with the goal of increasing production capacity from 20,000 metric tonnes (MT) to 50,000 MT.
The expansion will involve new installations, de-bottlenecking of existing facilities, and process optimization. The capacity increase will be implemented in phases, with an additional 20,000 MT becoming operational in the second half of Q2 FY26, followed by a further 10,000 MT by the end of FY26.
In addition to the expansion plans, the company’s board has approved the resignation of Pramod Kumar Jain as Chairman and Managing Director (CMD), effective November 1, 2024. Bakul Jain has been appointed as the new chairman, while Pramod Kumar Jain will assume the role of Chairman Emeritus from the same date.
These strategic moves aim to strengthen DCW’s position in the CPVC market and enhance operational efficiency.
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com
Source: Moneycontrol
News Desk
