Supreme Petrochem Limited has informed the Exchange about Capacity addition

SPLPETRO · price

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AI summary

Supreme Petrochem Limited has commissioned its EPS-Phase II expansion project at Amdoshi Plant, Nagothane, Maharashtra. The expansion increases total Expanded Polystyrene (EPS) production capacity from 85,000 TPA to 115,000 TPA, an addition of 30,000 TPA (35% increase). The project required an investment of Rs. 54 crores, funded entirely through internal accruals. The existing plant was operating at 75% capacity utilization. The company cited growing demand in packaging, construction, and cold supply chain sectors as the rationale for the expansion.

Likely market impact

This expansion significantly increases production capacity without additional debt, positioning the company to capture growing demand. Shareholders may see positive impact as the company can now serve more customers and benefit from higher volumes.