Ddev Plastiks Boosts Capacity with New ₹80 Cr Rajasthan Unit, Targets ₹500 Cr Revenue

Ddev Plastiks Industries Ltd. has commissioned a new manufacturing unit in Bhiwandi, Rajasthan, following an investment of approximately ₹80 crore. This expansion is projected to yield about ₹500 crore in additional revenue, significantly enhancing its production capabilities.

New Unit Details

Ddev Plastiks Industries Ltd. announced the start of commercial operations at its new manufacturing unit in Bhiwandi, Rajasthan. The facility is dedicated to producing XLPE and allied products. The company invested approximately ₹80 crore in this expansion project. With an installed capacity of 48,000 MTPA, the unit began operations on April 28, 2026. The projected additional revenue from this expansion is approximately ₹500 crore, depending on market conditions and capacity utilization.

Why This Expansion Matters

This strategic expansion will significantly boost Ddev Plastiks' production capacity, particularly for its niche XLPE products. The new unit will also broaden the company's geographic presence, allowing it to better serve growing customer demand across different regions. This development aligns with the company's long-term growth strategy and strengthens its position in the polymer compounds market.

Company Background

Ddev Plastiks, India's largest listed manufacturer of polymer compounds with over four decades of experience, has been expanding its capabilities. In November 2025, it announced a 30,000 MTPA capacity addition for HFFR and PVC segments with a ₹50 crore investment. By February 2026, its total installed capacity reached 2,68,400 MTPA after further additions. The company integrated Kkalpana Industries Ltd.'s compounding business following a demerger in March 2022. Ddev Plastiks is a global leader in XLPE compounds and a key producer of HFFR in India, serving the wires and cables industry.

Key Changes and Benefits

• Increased Production Capacity: The new 48,000 MTPA unit substantially raises Ddev Plastiks' manufacturing output for XLPE and related products.
• Revenue Growth Potential: The expansion aims for an additional ₹500 crore in revenue, offering a considerable uplift to the company's top line.
• Enhanced Market Reach: The Bhiwandi unit will expand the company's geographic footprint, improving customer service and accessibility.
• Strengthened Industry Position: This move reinforces Ddev Plastiks' leadership in the polymer compounds sector, especially for critical cable materials.
• Support for Growth Strategy: The investment directly supports the company's stated long-term growth objectives.

Potential Risks

The primary risk is that the projected additional revenue of ₹500 crore is conditional. Generating this revenue depends heavily on favourable market conditions and achieving optimal utilization rates at the new manufacturing unit.

Industry Context

Ddev Plastiks is a leading compound manufacturer. Companies like Universal Cables Ltd. operate in the downstream cable manufacturing segment, utilizing XLPE compounds. Universal Cables, with a market cap of approximately ₹2,998 crore, offers XLPE Power Cables up to 500 kV grade. Major cable manufacturers such as Polycab India Ltd. and KEI Industries are significant customers in the wires and cables industry that Ddev Plastiks serves.

What to Monitor Next

• Track the performance of the new Bhiwandi unit against its projected ₹500 crore revenue target.
• Monitor capacity utilization rates at the new facility to assess operational efficiency.
• Observe market demand and competitive dynamics affecting XLPE and allied product sales.
• Analyze Ddev Plastiks' overall revenue and profitability trends following the capacity expansion.