The Company as part of its expansion plans has proposed to commence its manufacturing operations at its premises taken on leave and license basis situated at M.I.D.C, Tarapur Industrial ....
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Mitsu Chem Plast plans to start manufacturing at a new unit (Unit 4) located in M.I.D.C, Tarapur Industrial Area, Boisar, taken on a leave and license basis. The new unit will add approximately 900 MT/Year of capacity, taking total capacity to around 30,000 MT/Year (a roughly 3% increase over the existing 29,000+ MT/Year). The company will invest around Rs 101 lakhs, entirely for purchase of machinery, funded through internal accruals. Operations are expected to commence in January 2026. The current capacity utilization stood at 68% for the quarter ended September 2025, indicating room to absorb the additional output. The rationale cited is to sustain long-term growth and meet rising market demand.
This is a modest, low-cost capacity expansion funded entirely from internal accruals, so there is no dilution or debt burden on shareholders. The small size of the addition limits its near-term impact on revenue, but it signals continued investment in growth.