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Chemical Process Piping (CPP) is targeting a Rs 100-crore revenue by this fiscal end with the commissioning of its continuous filament winding plant in Vadodara.
The company has invested Rs 24 crore in the new facility to manufacture 18,000-tonne glass reinforced plastic pipes and sleeves per annum from sizes 300-mm diameter up to 2,600-mm diameter.
“With the commissioning of our new continuous filament winding plant in Vadodara, we expect a Rs 100-crore revenue in FY12 and Rs 500 crore by FY15 from the domestic as well as overseas markets,” the company Managing Director, Mr Vijay Rajpurohit, told reporters here today.
“With rapid increase in population, there is a scarcity of water on the one hand and increased need for electricity on the other. These problems can be solved by implementing desalination projects and setting up power plants.
In both cases large amounts of glass reinforced plastic pipes and sleeves would be required,” he said.
Chemical Process Piping already has two facilities in Gujarat and Maharashtra.
“We have Rs 42-crore orders under negotiation from our new facility and Rs 50 crore from our old plants. We hope these orders will be okayed within 30-40 days,” he said.
The company plans to set up a new continuous filament winding facility in South Asia to cater to the overseas market.
“We plan to invest around Rs 25 crore to set up a continuous filament winding facility in South Asia but we have not decided any timeline for this,” he said.
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