18-10-2024 10:32 AM | Source: Accord Fintech
DCW moves up on planning to invest in expansion of CPVC production capacity

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DCW is currently trading at Rs. 103.83, up by 0.78 points or 0.76% from its previous closing of Rs. 103.05 on the BSE. 

The scrip opened at Rs. 104.00 and has touched a high and low of Rs. 104.14 and Rs. 100.26 respectively. So far 73175 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 111.11 on 03-Oct-2024 and a 52 week low of Rs. 46.90 on 14-Mar-2024.

Last one week high and low of the scrip stood at Rs. 110.45 and Rs. 100.21 respectively. The current market cap of the company is Rs. 3041.57 crore.

The promoters holding in the company stood at 44.86%, while Institutions and Non-Institutions held 7.38% and 47.77% respectively.

DCW is planning to invest in the expansion of its CPVC (Chlorinated Polyvinyl Chloride) production capacity. With this investment in expansion, the total production capacity of CPVC Division of the company will increase by 30,000 Metric Tonnes (MT), growing from the current capacity of 20,000 MT to a total of 50,000 MT.

The capacity expansion will be achieved through a combination of new installations, de-bottlenecking existing facilities, and process optimization. This strategic investment leverages the company's existing infrastructure and utilities, ensuring a cost-effective and efficient scale-up and stability by integration of its own manufactured S-PVC (Suspension PVC) as raw material

Further, the expansion will be implemented in phases, with 20,000 MT expected to be commissioned towards the second half of Q2 FY26 and an additional 10,000 MT by the end of FY26. This phased capacity ramp up approach allows the company to maintain strict quality control while efficiently meeting the growing demand for CPVC.

DCW is a diversified manufacturer of basic chemicals, such as:  Caustic Soda, Liquid Chlorine and Chlorine based products.