Captain Polyplast Starts Production At Ahmedabad Plant

18 May 2026 CW Team

Captain Polyplast Limited has commenced production at a new manufacturing facility near Ahmedabad, Gujarat, marking an expansion of its micro?irrigation manufacturing footprint. The factory covers 70,000 sq. ft. within a land parcel of 330,000 sq. ft. and began operations following the planned timeline. The plant will produce driplines, sprinklers and HDPE pipes and brings critical component manufacture in?house as part of a backward integration strategy.

It complements existing plants in Rajkot and Kurnool and is expected to improve capacity utilisation and cost structures by reducing external sourcing. The facility will enable higher in?house assembly of components that were previously procured and support future capital expenditure on the available land. Management projects that the expanded capacity will strengthen the company’s ability to meet domestic and international demand.

The company has diversified into the solar EPC segment and maintains partnerships to broaden its product offering, including a polymer marketing tie?up with Indian Oil Corporation Limited in Gujarat. It operates a distribution network across 16 states and exports to Africa, Latin America and the Middle East. The new facility is part of a strategy to shift the sales mix towards commercial sales, PVC pipes and exports while supporting growth in solar water pumping and rooftop solar solutions.

In the financial year ending 2025 on a consolidated basis the company reported total income of Rs 2.8977 billion (bn), EBITDA of Rs 351.1 million (mn) and a net profit of Rs 313.2 million (mn). The management indicated the Ahmedabad plant will contribute to improved capacity utilisation and margin expansion over time and expects long?term value creation for shareholders. The commissioning adds manufacturing depth to support the micro?irrigation and renewable energy business and positions the company to capitalise on favourable policy tailwinds.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..