Targeting 15% revenue growth in FY16: Plastibends

Plastiblends expects revenue growth of 15 percent and polymer margins to increase by 8-10 percent this year. The company deals primarily in packaging, housing, construction and infra space. Speaking to CNBC-TV18, Anand Kabra, CEO and Managing Director, Plastiblends says that the company expects to benefit from the government schemes and oil and crude prices and high value added products.

Talking about the company's expansion plans for its Palsana plant, he said an additional investment of Rs 40 crore will be required apart from Rs 10 crore invested to acquire land for Palsana facility. He said the Palsana facility is expected to start commercial operations post March 2016. 

Kabra said the ongoing expansion will add another 30,000 tonnes to company’s total capacity for which investments made are from internal accruals.

Plastiblends has no debt currently.