Press Release titled "Mitsu Chem Plast Limited proposes to commence manufacturing operations at new Boisar facility as part of its expansion strategy"
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Mitsu Chem Plast Ltd, a polymer-based molded products maker, has announced plans to start manufacturing at a new facility in MIDC Industrial Area, Boisar, Palghar, taken on a leave and license basis. The new unit will add about 900 MT per annum to the company's current installed capacity of over 29,000 MT per annum across its three existing plants in Tarapur and Khalapur. The company will invest around ₹101 lakh in new machinery for this expansion, funded entirely through internal accruals with no debt. As of Q2 FY26, the company was operating at about 68% capacity utilization, indicating room for growth. In FY25, the company reported revenue of ₹332.88 crore, EBITDA of ₹23.28 crore, and PAT of ₹7.25 crore.
This is a small, low-risk capacity expansion (~3% capacity addition) funded internally, so it should not strain the balance sheet. It signals management's confidence in demand growth and may support incremental revenue over the medium term, though the financial impact in the near term is likely modest given the small scale of investment.