DCW Doubles CPVC Production Capacity with Rs 140 Cr Investment

Mumbai, Oct 17 (PTI) Speciality chemicals company DCW on Thursday announced a Rs 140 crore investment to more than double its CPVC (Chlorinated Polyvinyl Chloride) production capacity to 50,000 metric tonnes.

The company will be increasing the capacity through a combination of new installations, de-bottlenecking existing facilities, and process optimisation, as per a statement.

The company will contribute 30 per cent of the investments from its internal accruals, while the balance will be through debt, it added.

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* HDFC Securities launches wealth management offering



Domestic brokerage HDFC Securities on Thursday launched a wealth management offering, aiming to benefit from the growing affluence among Indians.

The company, which has a roster of 57 lakh clients, will provide wealth advisory services to High-Net-Worth Individuals (HNIs), Ultra-High-Net-Worth Individuals (UHNIs), Family Offices, and Corporate Treasuries, as per a statement.