DDEV Plastiks expands capacity to meet rising demand, targets INR 5000 crores revenue

DDEV Plastiks Industries Limited plans a 30,000 MTPA capacity addition, increasing its total capacity to 268,400 MTPA. This expansion is scheduled for the third quarter of fiscal year 2025-26 and requires an investment of INR 50 Crores, to be financed through internal accruals. The company's existing capacity utilization stands at 84% as of September 30, 2025.

The capacity additions include 5,000 MTPA for HFFR, 15,000 MT of new PVC Compound facility commissioned in the current quarter, and another 10,000 MT scheduled for the end of the current quarter. Further additions are also proposed in the XLPE segment. This move is driven by the growing demand for products like HFFR, which is replacing PVC in house wiring cables, and compounds for solar cables.

DDEV Plastiks aims to leverage increasing demand in the cable industry, fueled by new entrants and urbanization projects, to achieve INR 5000 Crores in revenue by FY 2030. The company anticipates continued growth across various sectors.