Captain Pipes Ltd. announced that the board has approved a plan for setting up a greenfield plant near Ahmedabad at a total investment of INR 25 crores. The proposed plant will have capacity of 20,000 MT which will double total production capacity from current level. The commercial production from the plant is expected to start before the end of 2024.

The company has identified the land for setting up this plant and acquisition of the land will be concluded soon. Company will use the fund from internal accruals and bank financing for investment in the new plant.