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. ...