Pyramid Technoplast Expands with Kutch Facility, Secures ₹35.4 Cr Subsidies

Pyramid Technoplast Limited is expanding its manufacturing footprint with a new facility in Kutch, Gujarat, set to add 10,000 IBC units per month. The company also secured significant government subsidy benefits totaling approximately ₹35.4 crore for its Wada and Bharuch facilities. The Kutch expansion, with an investment of ₹20-25 crore, is expected to be commissioned by March 2027, enhancing presence in Western India and improving logistics. The subsidies for Wada (₹24.9 crore) and Bharuch (₹10.5 crore) will reduce effective investment costs, improve project economics like ROCE and IRR, and enhance long-term cash generation. These strategic moves aim to strengthen capacity, improve cost competitiveness, and drive profitable growth.