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DCW Ltd. Capital/Financing Update 2022
63614_rns_2022-11-22_567a7532-329a-474f-97e8-a6c5e317c8d7.pdf
Capital/Financing Update
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November 22, 2022
| To, | |
|---|---|
| National Stock Exchange of India Ltd. | BSE Limited |
| Exchange Plaza Bldg. | Department of Corporate Services, |
| 5th Floor, Plot No.C-1 | 1st floor, New Trading Ring |
| 'G' Block, Near Wockhardt, | Rotunda Building, |
| Bandra Kurla Complex | Phiroze Jeejeebhoy Towers, |
| Mumbai 400 051 | Dalal Street, Mumbai -400 001 |
| Fax: 26598237/38 | Fax: 22723121/3719/2037/2039 |
| Symbol: DCW | Scrip Code: 500117 |
Dear Sir(s)/Madam,
Sub: Press Release
Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is a copy of the Press Release to be distributed to the media, contents of which are self-explanatory.
This intimation is also being uploaded on the Company's website at www.dcwltd.com.
You are requested to take the aforesaid information on your record.
Thanking You,
DILIP
pseudonym=ba1cc4d3f70039e4edf70c5c6bda52cb, a25c60ad78cc25c95b70b7c69fd6c2, cn=DILIP
Dilip Darji c~ _ Sr. General Manager (Legal) & Company Secretary Membership No. ACS-22527 DARJI
Encl: A/a
VISHNUBHAI
HEAD OFFICE: "NIRMAL" 3RD FLOOR, NARIMAN POINT, MUMBAI·400 021. TEL.: 2287 1914, 2287 1916, 2202 0743 TELEFAX: 22 2202 8838 REGISTERED OFFICE: DHRANGADHRA· 363 315 (GUJRAT STATE) Email: [email protected]. Website: www.dcwltd.com. CIN·L24110GJ1939PLC000748
DCW LIMITED
CIN: L24110GJ1939PLC000748 Regd. Office: Dhrangadhra - 363 315, Gujarat State. Head Office: 3rd Floor, Nirmal, Nariman Point, Mumbai - 400021 Tel: 022-22871914 Fax: 022-22028839 Website: www.dcwltd.com E-Mail: [email protected] ; investor\[email protected]
PRESS RELEASE
DCW announces capacity expansion in CPVC & debottlenecking SIOP as next steps to its long term strategy of making further inroads into its specialty chemicals Segment
Mumbai, Tuesday, 22 November 2022: DCW Limited ("DCW"), a leading speciality chemical company in India, plans to double its CPVC capacity by adding another 10KT capacity. The Company also plan to augment the capacity utilisation of its SIOP plant to 100% with some line balancing Capex to generate an additional 10KT of production per annum. As per Company estimates, the CPVC project is expected to be commissioned in 2nd half of FY24 & SIOP de-bottlenecking to be completed by Q1 of FY24. However, the Company is making concerted efforts to try and fast track the projects. DCW is investing around Rs. 125 crores on both of these two projects and anticipates a substantially boost to the profitability, given the high margin profile of these products.
Referring to the impact of these steps, **Mr Vivek Jain, Managing Director, DCW Ltd, commented, "**This CAPEX aligns with our overall strategy of making further inroads into and expanding our speciality chemicals business. We believe that these CAPEXs- in expanding our CPVC capacity and taking our existing SIOP capacity to near 100%, will further strengthen our position in marketplace considering the demand curve for both these products. The proposed Capex initiatives also furthers our Hon'ble Prime Minister's "Make in India" initiative.
We are committed to grow our speciality portfolio going forward as well and our strategy and R&D teams are already focused on the next growth drivers and in identifying products relating to chlorine & other related chemistry to add/expand to our portfolio. We wish to continue our historic pioneering legacy in the commodity segment while considering new
niche products. Our solid cash flow generation, de-leveraged Balance Sheet gives us ample headroom to pursue the said growth strategies."
About DCW
DCW is a speciality chemical company manufacturing PVC, C-PVC (chlorinated polyvinyl chloride), Caustic Soda, Soda Ash and Synthetic Iron Oxide Pigment (SIOP). The Company is the only domestic manufacturer of C-PVC, a versatile thermoplastic used mainly for manufacturing hot and cold-water pipes, industrial liquid handling, and a wide range of products serving a variety of applications. DCW's Caustic Soda, SIOP and PVC Units are in close proximity to the Tuticorin Port in Tamil Nadu, giving the Company a competitive edge over its peers in exporting its products to global markets.
For more information, please visit www.dcwltd.com
| Mr Mr. Dilip Darji | Rahul Jaju; Manoj Saha; |
|---|---|
| Sr. General Manager (Legal) & Company | Dickenson World |
| Secretary | Mob: +91 9773264172 |
| DCW Limited | [email protected] |
| Landline: +91 22 22871914/16 |
For more information, please contact: