Rishiroop Limited has unveiled plans to enter a new high-growth business vertical with its foray into the plastics and plastics compounding sector. The company announced that it will invest approximately ₹17 crore to establish the new line of business, marking a strategic diversification move aimed at tapping into rising demand for advanced polymer solutions.
Alongside the new vertical, Rishiroop is undertaking a significant expansion of its existing polymer blends manufacturing capacity. The company currently operates with an installed capacity of 1,500 MT, running at a utilization level of nearly 85%. Under the expansion plan, Rishiroop will add an additional 1,000 MT of capacity over the next 12 months.
The capacity enhancement project involves an estimated investment of around ₹18 crore, which will be funded through internal accruals. The expansion will include modernization of production lines, replacement of aging machinery, and upgrading process efficiency.
Rishiroop stated that both initiatives—entry into plastics compounding and expansion of the polymer blends business—are aligned with its long-term growth strategy. The company aims to strengthen its position in sectors with strong demand visibility while improving operational competitiveness through technological upgrades and product diversification.