RP Sanjiv Goenka group company Phillips Carbon Black Ltd (PCBL) announced plans to invest Rs 300 crore to ramp up capacity and is also evaluating a greenfield carbon black plant in South India, as per economictimes.com.
"We have a capacity of 4.8 lakh tpa of carbon black and now we will be investing Rs 300 crore in Palej and Mundra plants of Gujarat to add another 80,000 tons of capacity. The new capacity will be ready by FY2019," PCBL chairman Sanjiv Goenka said, adding that a greenfield plant is being evaluated for a capacity of 1.2 lakh tonne in south India.
"We have land in Tamil Nadu and second option is Andhra Pradesh. Two factors will be key factors like location of new tyre capacity and state incentive schemes," he said.
Goenka said currently the project is in formative stage which would get ready in the next few months and then only quantum of investment can be estimated.