|Sanco Industries plans capex programme |
|PM News Bureau, Thursday, June 30, 2011, 14:13 Hrs [IST]|
Delhi based PVC pipe manufacturer, Sanco Industries is planning to expand its capacity. The company plans to expand the present installed capacity for PVC pipes from 3000 TPA to 8040 TPA and PVC wire & cables from 18000 KMPA to 36000 KMPA. Further the company also has charted out diversification plans. SIL is planning to set up a new manufacturing unit for copper wire rod with total installed capacity of 12000 TPA in Bhiwadi (Rajasthan). The total capex planned is Rs. 33.45 crore and is proposed to be funded by an initial public offer of 75 lakh equity shares of the company.