Balkrishna Industries Completes Major Capacity Expansions in Carbon Black and Power Plant Divisions
Balkrishna Industries Ltd has announced the successful completion of its integrated expansion projects, significantly boosting capacity across both its Carbon Black production line and its Power Plant division. These investments are key components of the company's strategic growth plan aimed at Year 2030.The company confirmed the completion of its Carbon Black expansion project, which introduces a substantial increase in manufacturing capability and revises existing operational metrics.
Carbon Black Expansion Details
The completed Carbon Black expansion projects resulted in a move from an existing capacity to a significantly larger total capacity. The details of this capacity addition are as follows:
| Particulars | Existing Capacity | Capacity Addition | Total Capacity | Investment | Mode of Financing |
|---|---|---|---|---|---|
| Carbon Black Production | 2,65,000 MTPA (from 2,00,000 MTPA) | 95,000 MTPA | 3,60,000 MTPA | Rs. 800 Crore | Internal Accruals |
The existing capacity utilization for the Carbon Black business stood at 91%. This investment is part of the company's long-term growth plan established for Year 2030.
Power Plant Capacity Augmentation
In addition to the Carbon Black project, Balkrishna Industries has also provided details regarding the completed expansion and upgrade of its Power Plant. These projects share common equipment and infrastructure between the two lines.
The specifics of the power plant expansion are detailed below:
| Particulars | Existing Capacity | Capacity Addition | Total Capacity | Investment | Mode of Financing |
|---|---|---|---|---|---|
| Power Plant Generation | 40 MW (to 64 MW) | 24 MW | 64 MW | Rs. 125 Crore | Internal Accruals |
The existing capacity utilization of the power plant was reported at 80%. Like the Carbon Black expansion, this investment in the Power Plant is also integral to the company's growth plan for Year 2030.
BALKRISIND Stock Price Movement
Shares of Balkrishna Industries Limited closed lower today, shedding 1.50% to settle at ₹2167.6. The equity saw significant intraday movement, hitting a low of ₹2160 before the close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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