Finolex Industries is planning to expand its product portfolio by entering into the water supply and water equipment business. Also, as a part of this, the company is planning to increase its capacity of the PVC pipes and fittings plants by 40 percent to 320,000 tonnes through an additional capital expenditure of Rs 90 crore spread over three years.
Finolex is eying $1 billion approximately Rs 6,000 crore turnover in the next five years. Finolex is also planning to launch new technology products related to water.
Finolex is the largest player in the fragmented and competitive PVC pipes and fittings market in India, with an overall share of around 22%. In addition, its established brand equity and large dealer network have enabled it to capture a significant share of the growing retail PVC pipe market.
| Company Name | CMP |
|---|---|
| Supreme Industries | 3661.25 |
| Astral | 1562.35 |
| Finolex Inds | 172.10 |
| Nilkamal | 1305.00 |
| Jain Irrigation Sys | 31.39 |
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