Mitsu Chem Plast Approves Capacity Addition of 3,550 MT/Year via ₹1.94 Crore Expansion

Plastic packaging solutions provider Mitsu Chem Plast Limited (BSE: 540078) has announced a expansion of its manufacturing capabilities, adding approximately 3,550 MT/Year to its operational footprint.

Key Expansion Details

Existing Operational Capacity: 32,450+ MT/Year

Existing Capacity Utilization: 64% (for the fiscal year ended March 31, 2026)

Proposed Capacity Addition: Approximately 3,550 MT/Year

Execution Timeline: August 2026

Investment & Machinery Purchase: Approximately ₹1.94 crore (₹194.00 lakhs) allocated for machinery procurement

Mode of Financing: Funded through a combination of bank finance and internal accruals

Strategic Rationale

Mitsu Chem Plast highlighted that the expansion initiative is intended to support business growth, drive product diversification, fulfill rising market demand, and meet evolving customer specifications.

Shares of Mitsu Chem Plast Ltd was last trading in BSE at Rs. 154.95 as compared to the previous close of Rs. 153.00. The total number of shares traded during the day was 5088 in over 88 trades.

The stock hit an intraday high of Rs. 159.00 and intraday low of 148.80. The net turnover during the day was Rs. 788668.00.

Source : Equity Bulls

Keywords

MitsuChemPlast INE317V01016 Capex Expansion