Captain Pipes to invest Rs. 25 crores for greenfield plant
NoelWard 
30
The Board of Directors of Captain Pipes Limited has approved the setting up of a greenfield plant near Ahmedabad with a total investment of Rs. Rs. 25 lakhs.
The proposed plant will have a capacity of 20,000 tons, which is double the current total capacity.
Plant Plan 2017 Plant Plan Commercial production begins at the end of the year. The location for the plant has been identified in 2024 and land purchases are expected to be completed in the near future. Captain Pipes will invest in the facility using new capital acquired through internal accruals and bank financing.
Commenting on the expansion plans, management added: “We are pleased to announce that our ambitious plans have been approved for a state-of-the-art greenfield facility near Ahmedabad. This is a significant milestone in our growth process and commitment. Our commitment to innovation is clear and we look forward to commencing commercial production at this new facility by the end of 2024. This investment is in line with our vision for sustainable growth and underlines our commitment to delivering high quality products to our valued customers. Further strengthening the position of Captain Pipes Ltd. as a leader in the PVC piping industry”/p Register now for 20244 202444 Next Generation Chemicals & Petrochemicals Summit (2024) July 11-12, 2024) (Mumbai).
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