Pondy Oxides and Chemicals Ltd, a manufacturer specializing in lead, lead alloys, and plastic additives, is planning greenfield and brownfield capacity expansion projects, with an estimated investment of ₹570 crore, driven by promising growth prospects. Recently, the company, valued at ₹1,480 crore, acquired 123 acres of land in Mundra, Gujarat, for future manufacturing expansion, amounting to ₹41 crore.
The investment aims to establish and enhance facilities across existing and related manufacturing verticals. Mundra was selected due to its proximity to the port and ongoing industrialization, positioning the company to effectively serve the Western region and bolster its export capabilities globally.
The brand plans to invest approximately ₹70 crore to augment the lead capacity of its newly acquired company, increasing it from 1,32,000 to 2,04,000 tons per annum in Thervoykandigai near Chennai.
“We have already commenced machinery procurement and project development. Installation is scheduled to begin in June 2024, with commissioning slated for September 2024,” stated Ashish Bansal, Managing Director. Bansal highlighted the promising growth potential in the lead-acid market, driven by the global shift towards circular economy models and the increasing demand for reliable energy storage solutions.
Furthermore, the company intends to establish a cutting-edge recycling and manufacturing plant in Tamil Nadu for non-ferrous metals, lithium-ion batteries, paper, plastics, and rubber, with an estimated investment of ₹300-₹500 crore over the next five years.
As reported by businessline, Pondy Oxides’ clients comprises battery and chemical manufacturers, with exports constituting 55% of its revenue. It is one of India’s leading exporters of lead products, catering to Southeast Asian countries and the Middle East, directly supplying battery manufacturers in Japan, South Korea, Thailand, Indonesia, Vietnam, and Malaysia, among others.
