InvestorQ : Why is Phillips Carbon Black investing Rs.1,400 crore in expansion of capacity?
Dia Deshpande made post

Why is Phillips Carbon Black investing Rs.1,400 crore in expansion of capacity?

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swati Bakhda answered.
4 months ago
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The Sanjiv Goenka group company, Phillips Carbon Black, plans a capex of Rs.1,400 crore to expand greenfield capacity of its Chennai plant. The greenfield plant set-up in Chennai will entail Rs.800 crore while the brownfield expansion of Mundra will need Rs.350 crore. Phillips Carbon Black will also invest Rs.100 crore in R&D. Phillips Carbon Black currently has a capacity to produce 6 lakh tonnes of carbon black, which will be expanded to 7.5 lakh TPA.

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