Finolex Industries announced that they had begun manufacturing polyvinyl chloride (PVC) fittings at their new manufacturing facility in Pune, Maharashtra from 12 March 2023.
The annual capacity of this new facility is 12,000 MT and the capex is approximately Rs 100 crore, which was funded through internal accruals, the company said in a filing.
Finolex Industries is one of the largest manufacturers of PVC pipes in India.