Rishiroop Ltd. Approves New Line of Business in Plastics Compounding and Capacity Addition

Rishiroop Ltd. announced that its Board of Directors has approved the adoption of a new line of business in plastics compounding, along with capacity addition and related capital expenditure. The new business vertical is set to enter a high growth sector, with an estimated investment of approximately INR 17.00 crore. In terms of capacity addition, the company plans to add 1000 MT of polymer blends to its existing capacity of 1750 MT (85% capacity utilization). The proposed capacity addition is expected to be completed within 12 months, with an investment of approximately INR 18.00 crore from internal accruals. This move aims to modernize and expand the company's capacity, while replacing ageing machines.