Great points.
Can big virgin carbon black manufacturers easily get into RCB, when environmental norms hit them. Or is too small for them to get incentivised. Also since raw material is Elt tyres, does small scale mfg which is spread geographically act as a moat for hi green to operate at lower logistic costs in procurement and distribution.
Basically was evaluating risks of competition from vcb players.
hi
GRP in a recent interview mentioned that the rCB market was about Rs. 3500cr and growing in double digits. And they are planning to enter this segment.
Compared to that, just PCBLs VCB turnover for FY24 was Rs. 6000cr. And they have made a lot of investments in this already.
However it is possible that such companies may look at making rCB as part of their ESG commitments.
Regarding raw material - transportation cost of tyres within India is not a major factor for setting up the plants. As much as being closer to their customers is. Plus state govts give incentives to set up plants in certain locations, which also becomes a deciding factor.
100 TPD is Higreen’s sweet spot (as mentioned earlier). However they can even set up 2 100TPD plants in the same location if they are able to sell their products easily.
Is there any update on the Dhule plant? It was expected to begin by SEP 2024.
This is the last update to the exchange on 31 Aug.
Did anyone attend the AGM, if yes can you please share some of the key takeaways from the meet? Thanks.
HI-GREEN CARBON LIMITED has informed the Exchange about Board Meeting to be held on 13-Nov-2024 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2024 .
Gone through the company’s Annual Report ~ FY 2023-24 and found below red flags :
Number of employees decreased compared to last year.
The Company has not filed form MGT-14 related to filing of resolution for issue of
securities pursuant to section 179 (3) of the Companies Act, 2013 and Form MSME, till
completion of financial year ended on 31.03.2024.
The Company has not given advance notice of Five days under regulation 29 of SEBI
(LODR) Regulations, 2015 for one Board meeting held on 04th November 2023, in which
there was an agenda of financial result
The Financial result for the Half year need on 30th September 2023 was filed on 15th
April 2024.
Dear Debashish, thank you for the detailed explanation. I know you have mentioned that HI-Green’s differentiator is their process expertise rather than their product. However, Mr. Amit Bhalodi had mentioned in a video that the company is working on a higher grade of RCB that can match virgin carbon upto an extent of 99% from the current 80%. Is my understanding correct? If so, will this be a patented/ non-replicable technology which can be sold at similar prices as virgin carbon? How close are they to achieving it? Would be obliged if you can throw some light on these queries. Thanks.
