Pyramid Technoplast Limited has made a significant stride in its expansion strategy. The Company proudly announces that the company has signed an MoU for acquisition of ~10 acres of land on an outright basis at a value of INR 120 million in Wada, Palghar district, within the Konkan division of Maharashtra, India. This strategic decision is pivotal to the Company's effort towards increasing the production capacity across Polymer Drums and Intermediate Bulk Containers (IBC) segments & MS Drums. Strategy behind starting this unit is to diversify business into other states and also to cater the area in cost efficient way.

The Company anticipates an annual revenue potential of approximately INR 400 Crores upon achieving full capacity utilization. The strategic placement of the site near clients underlines the company's dedication to quality, efficiency, and timely client servicing. Implementation of the new unit will be done in three phases over the next 4-5 years.

Capex of INR 40-45 Crores is expected to be incurred (inclusive of land purchase) in Phase 1.: Phase II and Phase III will replicate Phase 1 capacities; however, capex will be limited as infrastructure and common utilities will be covered largely in Phase 1 itself.