From the Q3 Press Release, one can understand as follows:
- Capex approval is revised down from Rs.300 crore to Rs.70 crore. The new capex plan is:
a. Capacity expansion to 100 KTPA ABS Compounding capacity at Abu Road by 31-Mar-2018 costing Rs.20 crores
b. Capacity expansion to 137 KTPA ABS Compounding capacity at Abu Road by 31-Dec-2018 costing Rs.30 crores
c. R & D Centre at Abu Road to be completed by 31-Dec-2018 costing Rs.20 crore.
Total Capex is Rs.70 crore. HRG & SAN for the above will be imported and no new capex for the same.
- Port based greenfield plant to be completed by 31-Mar-2021. It will include captive manufacturing of HRG & bulk SAN besides the finished product ABS. The entire 137 KTPA ABS capacity and the R & D Centre will be shifted to the greenfield project location later
Capacity & capex for the new project is not mentioned. Earlier this was part of the overall capex of Rs.300 crore for 200 KTPA new capacity. Does this mean it may now change and the company will announce revised capacity later? Does anyone have any views?