Captain Pipes Ltd., a leading player in the PVC pipes industry, has announced that the company has acquired six adjacent industrial plots with total area of 38054 square meters. The acquired land would be used for setting up a greenfield manufacturing facility for PVC pipes and fittings.
Earlier, the board approved the plan for setting up a greenfield plant near Ahmedabad at a total investment of INR 25 crores. The proposed plant will have capacity of 20,000 MT which will double total production capacity from current level. The commercial production from the plant is expected to start before the end of 2024. Company will use the fund from internal accruals and bank financing for investment in the new plant.
Commenting on the expansion plan, the Management added in an earlier release: “We are thrilled to announce the approval of our ambitious plan to establish a state-of-the-art greenfield plant near Ahmedabad, representing a significant milestone in our growth journey. Our commitment to innovation and expansion is evident, as we look forward to commencing commercial production at this new facility by the end of 2024. This investment aligns with our vision for sustainable growth and underscores our dedication to delivering high-quality products to our valued customers. We are confident that this endeavor will further solidify Captain Pipes Ltd.’s position as a leader in the PVC pipes industry.”
Captain Pipes Limited (BSE: 538817) is a leading player in the PVC Pipes industry. Since its
inception in 2010, Captain Pipes Limited (CPPL) is known for its high-quality products and extensive distribution network and the company has gained recognition as a leading brand in the industry and. CPPL offers a comprehensive range of PVC Pipes and Fittings designed for various applications in Agriculture and Plumbing.
The company’s product portfolio includes agricultural solutions such as Column pipes, Pressure pipes, and Agri fittings, as well as Plumbing solutions encompassing uPVC Pipes, CPVC Pipes, and SWR Pipes and Fittings. At the helm of CPPL’s success is a dynamic management team led by Mr. Ramesh Khichadia and Mr. Gopal Khichadia, who bring over 30 years of industry experience. Their strategic vision and leadership have been instrumental in shaping the company’s growth and positioning in the market.
CPPL has developed a robust marketing and distribution network that spans multiple states
across India, enabling widespread availability of its products. In addition, the company has
successfully expanded its reach to international markets through exports to numerous countries. With a focus on delivering durable and reliable solutions, CPPL consistently emphasizes the quality of its products. The company adheres to stringent quality standards and employs advanced manufacturing processes to ensure that its PVC Pipes and Fittings meet the highest industry benchmarks. CPPL’s commitment to innovation, customer satisfaction, and sustainability sets it apart in the PVC Pipes industry. By continuously investing in research and development, the company strives to introduce innovative products and technologies that cater to evolving market demands.