A significant industrial development is set to transform the local economic landscape with a major chemical manufacturing project. The proposed facility will specialise in producing advanced rubber black and value-added chemical products. With a considerable financial commitment, the project is expected to generate direct employment opportunities and stimulate economic activity in the surrounding area.
Share Price Movement
The share price of PCBL (Phillips Carbon Black) Limited went up by 1.63 percent to Rs. 437.77 per share on Thursday, an increase from its previous close of Rs. 430.75 per share. The market capitalisation now stands at approximately Rs. 3,122 crore as of November 28, 2024.
What Happened
Philips Carbon Black Limited (PCBL) has received approval from the Andhra Pradesh government to establish a new plant at Mundra Port SEZ, Naidupeta. The company will invest Rs. 3,718 crore to manufacture rubber black and value-added chemicals. The project will generate direct employment for 200 people, with 116.6 acres of land allocated.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, PCBL’s consolidated revenue from operations has increased by 45.4 percent YOY from Rs. 1,487 crore in Q2 FY24 to Rs. 2,163 crore in Q2 FY25 and increased by 0.8 percent QoQ from Rs. 2,144 crore in Q4 FY24.
The company’s consolidated net profit has stayed the same, from Rs. 123 crore in Q2 FY24 to Rs. 123 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 4.2 percent QoQ from Rs. 118 crore.
Market Outlook
The Indian chemicals and petrochemicals industry is experiencing favourable trends, including growing demand from end-user industries, expansion of speciality chemicals companies, opportunities for global firms to diversify supply chains, and government policy support through initiatives like bulk drug parks and investments in the PCPIR region. These factors are driving growth and investments in the industry.
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Shareholding Pattern
As of the November 2024 shareholding pattern, PCBL Limited is primarily held by the promoters at 51.41 percent, foreign institutional investors hold 4.99 percent, and the public with 35.56 percent.
About Company
Philips Carbon Black Limited (PCBL), founded on March 30, 1960, is a leading carbon black manufacturer in India. Part of the RP-Sanjiv Goenka Group, the company was originally formed in partnership with Phillips Petroleum. Over the years, it has emerged as India’s largest carbon black producer and ranks as the seventh-largest globally.
The company manufactures carbon black, a vital material in the automotive tire sector. With a production capacity of 666,000 MT annually, PCBL operates five plants across India, including locations in West Bengal, Gujarat, Kerala, and Tamil Nadu. Additionally, PCBL generates green power, producing 98 MW to support its operations. Its products are distributed to over 30 countries, catering to various industries, especially tire manufacturers.
PCBL continues to expand its reach through brownfield expansions and new projects. Its subsidiaries, including PCBL (TN) Limited, further demonstrate its commitment to growth and sustainability. PCBL’s strategic focus on expansion and sustainability solidifies its market leadership.
Written By Fazal Ul Vahab C H
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