PCBL plans Rs 300 cr expansion at Palej & Mundra

10 Aug 2017

The first quarter results of Phillips Carbon Black Limited FY’18 posted as Total Revenue of Rs 638.86 crore against the same at Rs 479.65 crore in the corresponding period last year, Total Expenses stood at Rs 572.56 crore as against Rs 453.18 crore in the corresponding period last year. PBT posted at Rs 66.30 crore against Rs 26.47 crore in the previous year. PAT posted at Rs 48.16 crore against Rs 9.50 crore last year. EPS posted at Rs 13.97 crore as against Rs 2.76 crore last year.
Sales recorded up by 33%, PBT up by 150%, PAT up by 407%, EPS up by 406%.
After the Board Meeting, Chairman, Sanjiv Goenka told the media that PCBL carbon black capacity at Palej and Mundra(in Gujarat) is under expansion.  Through an estimated investment of Rs. 300 crore, this additional capacity of 80000 tonnes per annum ise xpected to be ready by the end of FY’19.
Mr Goenka also mentioned evaluating option for a Greenfield project and a few locations shortlisted .The greenfield project will have capacity of 1,20000 tonnes per annum.
It may be recalled that in FY’17, PCBL reported the best-ever Results achieved so far since the inception of the Company in 1960.  In FY’17, PCBL achieved the highest-ever PBT of Rs. 165.52 crore, the 4th Quarter PBT being Rs. 63 crore.
Apart from the milestone production achievement of 383,316 tonnes during FY’17, PCBL created other records by offering to its worldwide customers 24 grades of rubber blacks and 29 grades of non-rubber blacks, which helped it maintain the leadership journey which had started way back in 1960.  For PCBL, FY’17 was indeed a year of innovation with enhanced operational efficiencies, cost optimization and opening up new sales opportunities at home and abroad.  During the year, some of the world’s best-known tyre companies were added to the company’s list of new customers.  The company has made its mark as one of the key players in speciality black market. (EOIC)