Business Update17 Oct 2023, 12:38 am
Captain Pipes Ltd Acquires 38054 sq m Land for Greenfield Manufacturing Plant Near Ahmedabad
AI Summary
Captain Pipes Ltd has acquired six adjacent industrial plots with a total area of 38,054 square meters near Ahmedabad for setting up a greenfield manufacturing facility for PVC pipes and fittings. The proposed plant will have a total capacity of 20,000 MT per annum in the first phase and is expected to begin commercial production by December 2024. The acquisition is expected to expand the company's production capacity and increase its presence in the market.,
Key Highlights
- Acquisition of industrial plots for greenfield manufacturing plant
- Total land area of 38,054 square meters
- Estimated investment of INR 25 crores
- Total capacity of 20,000 MT per annum in the first phase
- Commercial production to begin by December 2024