The Supreme Industries Ltd commits Rs. 700 crores for capex

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The Supreme Industries Ltd has plans to commit capex of about Rs. 700 Crores including carry forward commitments of Rs. 280 Crs. at the beginning of the year. The committed / proposed capex is primarily for:

– To complete and put into operation the on-going project work at Assam to manufacture PVC Pipes and Rota & Blow Moulded products.

– Putting up a plastic product complex near Cuttack in Odisha & near Erode in Tamilnadu where work is going on in full swing. 1st phase at both the sites is likely to go into production by August-September, 2022.

– To double the capacity of Composite LPG cylinders to 1 million pcs. Per annum at existing site at Halal, Gujarat.

– Establishing additional capacity to manufacture olefin Fittings and to put PEX Piping System at Jadcherla.

– Expanding capacities and product range of its bath fitting products at Puducherry

– Adding varieties of new injection moulded fitting products in its plastic Piping products

– To add new models of Injection moulded furniture, Crates & pallets in the Company’s range of furniture and Material Handling Products

– To increase capacities of Industrial Component moulding at various locations in view of increased business opportunities

– To add necessary equipment at its Protective Packaging and performance packaging division

– To install Rooftop Solar energy generation plants at its various locations

– To install balancing equipment at various locations

The entire capex and increased working capital requirement shall be funded from internal accruals of the Company.