Ddev Plastiks Allocates Rs. 110 Cr. for Expansion in FY26

Ddev Plastiks Industries Limited, a polymer supplier to the Indian cable and wire industry, has earmarked a Capital Expenditure (CapEx) of Rs. 110 crore for FY26 to expand its manufacturing capacity.

This FY26 CapEx is a part of the company’s 3-year investment plan. In June 2024, Ddev Plastiks announced a total outlay of approximately Rs. 300 crore over FY25 to FY27. Through this investment, the company will expand its existing facilities. Ddev Plastiks will expand its Halogen-Free Flame Retardant (HFFR) compound manufacturing capacity to 20,000 Metric Tonne Per Annum (MTPA), and its PolyEthylene (PE) compound production capacity by 25,000 MTPA. Apart from this, the company will utilise this investment towards upgrading machinery at its facilities, and to acquire land for possible future expansion.

The company has set a target to grow its annual revenue to Rs. 5,000 crore by FY30 from Rs. 2,603 crore reported for FY25.