CPP targets Rs. 100 crore revenue by end FY 12

May 18, 2011 11:19 am

Chemical Process Piping (CPP) targets Rs. 100 crore revenue by end-this fiscal with the commissioning of its continuous filament winding plant in Vadodara. The company has invested Rs. 24 crore in the new facility to manufacture 18,000 metric tonne glass reinforced plastic pipes and sleeves per annum from sizes 300 mm dia up to 2,600 mm dia.” With the commissioning of our new continuous filament winding plant in Vadodara, we expect Rs. 100 crore revenue in FY 12 and Rs. 500 crore by FY 15 from the domestic as well as overseas markets,” said Vijay Rajpurohit, Managing Director at CPP. “With rapid increase in population, there is a scarcity of water on the one hand and increased need for electricity on the other. These problems can be solved by implementing desalination projects and setting up power plants. In both cases large amounts of GRP piping would be required”, he adds.
 
“In Maharashtra, the state government has set up a high powered committee to make a feasibility report which will enable the government to set up two desalination plants in Mumbai to tackle the over-dependence of the city on rain water. With the commissioning of these plants, CPP foresees a huge demand for GRP pipes which are low on maintenance, highly resistant to soil corrosion and sea water and need no special linings on the exterior and also come at a very competitive price”, Rajpurohit said.
 
The CFW plant shall produce Glass Reinforced Plastic (GRP) pipes and sleeves from sizes 300 mm dia upto 2,600 mm dia. The plant is fully computer controlled, based on the continuous filament winding process, fully in compliance with ASTM. code D 2996 (Standard Specification for Filament Wound Reinforced, Thermosetting Resin Pipes) type 1, grade 2, class E, and ASTM D3517, ASTM D3754, ASTM D3262, BS 5480 : 1990, AWWA C950, AWWA Manual M45, EN standards and ISO 10639.
 
Features of the plant:
•      Ability to manufacture Cross Country Piping for conveying  Potable Water, Sea Water and Waste Water
•      Initially, target the Indian market and later, the South East Asian markets
•      Rated Capacity: 18,000 MT of GRP per year
•      Estimated to cross Rs. 100 crore in year 2011-12 and achieve a turnover of Rs. 500 crore by 2015.