In order to meet the growing demand from agri and construction sectors, Finolex Industries is planning to invest Rs 100 crore in adding 100,000 tonnes of pipes capacity over the next three years. With this expansion, the company’s pipes manufacturing capacity will go up to 350,000 tonnes. Meanwhile, the company's current debt is estimated at Rs 500 crore and it aims to become debt free in three years.
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.
