Ddev Plastiks New Unit Start; Shares Rise 1.73%

Mumbai, April 28: Ddev Plastiks Industries Ltd has switched on its new XLPE manufacturing unit, marking a fresh phase of capacity expansion backed by an investment of around ₹80 crore, according to an exchange filing.

The plant, located in Bhiwandi, Rajasthan, comes with an installed capacity of 48,000 metric tonnes per annum and formally commenced operations on April 28, 2026. All statutory approvals required for the start have been secured, the company said.

At one level, this is a straightforward capacity addition. But underneath, it reflects a broader call on demand. XLPE, used widely in power cables and industrial applications, sits at the intersection of infrastructure spending and power transmission growth. By building ahead of demand, the company is positioning itself to participate in that cycle rather than chase it later.

Management has indicated that the unit could generate additional revenue of around ₹500 crore over time, though that depends on how quickly utilisation ramps up.

Stock Market Snapshot

The market reaction has been positive, though not aggressive.

As of 12:32 IST on April 28, 2026, Ddev Plastiks Industries Ltd share price was trading at ₹253.25, up ₹4.31 or 1.73% from the previous close of ₹248.94, according to exchange data. The stock did see some early strength, touching ₹255.27, before settling into a narrower range.

The Ddev Plastiks Industries Ltd share price trend suggests that investors are acknowledging the expansion, but are equally aware that capacity takes time to translate into earnings. There is interest, but it is measured.

Why This Expansion Matters More Than It Appears

Capacity additions in manufacturing are rarely about the immediate quarter. They are about positioning.

In this case, the company is strengthening its footprint in XLPE, a specialised segment where consistency of supply and scale matter. As demand from power infrastructure and industrial projects builds, suppliers with ready capacity tend to benefit first.

There is also a geographic angle. Adding a unit in Rajasthan allows the company to widen its reach and potentially optimise logistics across regions. Over time, that can influence both margins and delivery timelines.

And then there is the operating leverage. Once utilisation improves, incremental volumes can flow through with relatively better cost absorption.

The Real Question: How Fast Can It Scale?

The ₹500 crore revenue potential gives a sense of direction, but not a timeline.

Ramp-up will depend on order flows, customer onboarding, and how quickly the company can stabilise production at optimal levels. In manufacturing, especially in specialised polymers, this process is rarely instant.

Source:

• https://www.nseindia.com/get-quote/equity/DDEVPLSTIK/Ddev-Plastiks-Industries-Limited
• https://nsearchives.nseindia.com/corporate/DDEVPLASTIKS_28042026112924_30.pdf