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An update from Ddev Plastiks Industries Limited ( (IN:DDEVPLSTIK) ) is now available.
Ddev Plastiks Industries Limited has announced a capacity addition of 30,000 MTPA to meet the rising demand for its products, particularly in the HFFR and PVC segments. This expansion, supported by an investment of INR 50 Crores from internal accruals, is expected to enhance the company’s market competitiveness and contribute to its goal of achieving INR 5000 Crores in revenue by FY 2030. The move aligns with the growing demand for safer wiring solutions mandated by the government and the increasing need for solar cables.
More about Ddev Plastiks Industries Limited
Ddev Plastiks Industries Limited operates in the plastics industry, focusing primarily on the production of PVC compounds and XLPE compounds. The company is recognized as a global leader in XLPE compounds and is strategically positioned to capitalize on the increasing demand for these products, driven by urbanization and infrastructure development worldwide.
Average Trading Volume: 18,118
Technical Sentiment Signal: Hold
Current Market Cap: 28.86B INR
See more data about DDEVPLSTIK stock on TipRanks’ Stock Analysis page.