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Investment Archives - Phillips Carbon Black Limited

Category: Investment

PCBL may opt for Telangana

Investment June 13, 2018

Three southern States vying to host RP Sanjiv Goenka group’s carbon black unit

Three southern states are in the race for hosting the greenfield carbon black project of Phillips Carbon Black Ltd., a part of the RP Sanjiv Goenka Group. Indications are that Telangana is emerging as the favourite vis-a-vis the two other shortlisted States, Tamil Nadu and Andhra Pradesh.

“While we prefer a coastal location, Telangana has made a very good offer,” group chairman Sanjiv Goenka said at a press meet to announce PCBL’s half-yearly results. “We do not have any unit in south India,” he said, adding that the group owned some 120 acres in Ennore, Tamil Nadu. ...  more >

PCBL to shell out ₹200 crore for capex, declares 60% interim dividend

Investment September 24, 2018

After scripting a turnaround and becoming profitable, RP-Sanjiv Goenka Group owned Phillips Carbon Black Ltd (PCBL) will invest ₹200 crores towards capacity expansion over the next two years.

Focus will be on increasing business from the speciality black segment.

According to Kaushik Roy, Managing Director, the Company will look at 20-25 per cent increase in its capacity to nearly 5,00,000 tonne p.a from the existing 4,10,000 tonne p.a.

Considered to be the seventh largest carbon black maker in the world and the largest in India, PCBL currently has four state-of-the art plants at Palej, Mundra (Gujarat),  Durgapur (West Bengal), and Kochi (Kerala). Investments will mostly be through internal resources and bank loans. ...  more >

PCBL to pump Rs 300 crore to ramp capacity

Investment June 13, 2018

Kolkata, Aug 10, RP Sanjiv Goenka group company Phillips Carbon Black Ltd (PCBL) today said, it will be investing Rs 300 crores to ramp up the capacity and was also evaluating a greenfield carbon black plant in South India.

“We have a capacity of 4.8 lakh tonnes per annum of carbon black and now we will be investing Rs 300 crore in Palej and Mundra plants of Gujarat to add another 80,000 tonnes of capacity. The new capacity will be ready by FY2019,” PCBL chairman Sanjiv Goenka said. ...  more >

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