Wadia group company, National Peroxide, has lined-up plans for a Rs 46 crore plant expansion which is expected to boost its revenues by over 20 per cent once it goes fully upstream, a top company official said.
“We are investing Rs 46 crore through internal accruals to further enhance our capacity from the current 68 tonnes of hydrogen peroxide (the company’s flagship product) to 84 tonnes,” the company’s Chairman, P V Kuppuswamy, told.
Wadia family scion Ness Wadia is a Director on the Board of the BSE-listed National Peroxide and the company commands a healthy 40 per cent market share in the hydrogen peroxide market currently.
The capacity addition will happen at the company’s lone plant near Kalyan in Maharashtra and will be done in April 2011 over four weeks during which plant operations can be stalled, he said.
The debt-free company, which had posted revenues of Rs 122 crore in FY 10, is targeting a 25 per cent increase in top-line for the current fiscal to Rs 150 crore, its Managing Director, S R Lohokare, said.
“This is possible because we have been adding capacity since the last two years and have got to 68 tonnes from 35 tonnes. There will be a proportional increase in the revenues once the capacity goes to 84 tonnes an annum,” he said.