DCW share price was trading higher on October 18 as the company is going to make investment for the capacity expansion of CPVC production.
At 10am, DCW was quoting at Rs 103.62, up Rs 0.57, or 0.55 percent, on the BSE.
The company is going to make an investment of Rs 140 crore through bank financing/internal accruals to expand its CPVC (Chlorinated Polyvinyl Chloride) production capacity from 20,000 metric tonnes (MT) to 50,000 MT.
This said expansion will be through a combination of new installations, de-bottlenecking existing facilities, and process optimization.
The capacity increase will be rolled out in phases, with 20,000 MT expected to be operational in the second half of Q2 FY26 and an additional 10,000 MT by the end of FY26.
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The company board approved the resignation of Pramod Kumar Jain as the Chairman and Managing Director (CMD) and appointed Bakul Jain as chairman of the company w.e.f. November 1, 2024.
Also approved the appointment of Pramod Kumar Jain as the chairman Emeritus w.e.f. November 1, 2024.
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