PCBL to get ~200-cr capital infusion

RP-Sanjiv Goenka Group owned Phillips Carbon Black (PCBL) has earmarked ~200 crore in FY17 to carry on debottlenecking of its twin plants in Palej and Mundra in Gujarat and to ramp up its capacity from the existing 0.47 mt to 0.51 mt. Group Chairman, Sanjiv Goenka did not mention the timeframe of this investment.

The company, while setting up these plants six years back had incurred an estimated capital expenditure of ~350 crore.

The firm was under the stress of ~900 crore loan. It has been trying to bring down its finance costs and was able to decrease it by 42.8 per cent in the six months ended September 30.