Pondy Oxides & Chemicals will initiate greenfield and brownfield capacity expansion programmes at an estimated investment of Rs 570 crore based on favourable growth opportunities.

The company has acquired 123 acres of land in Mundra, Gujarat, at a cost of Rs 41 crore for future manufacturing expansion, to cater to both domestic and international markets. The investment will help establish and expand facilities in existing and other related manufacturing verticals.

The choice of location will position the company advantageously to serve the western region effectively and to further expand its export capabilities across the globe.

It is expected to invest about Rs 70 crore in increasing the lead capacity from 1,32,000 tpa to 2,04,000 tpa at Thervoykandigai near Chennai in Tamil Nadu.

It has started procurement of machinery, execution and development work. Installation will commence in June 2024, and commissioned is expected by September 2024.

The company has also proposed to set up a recycling and manufacturing plant at Sriperumbudur in Kancheepuram district of Tamil Nadu for non-ferrous metals, lithium-ion batteries, paper, plastics, and rubber. It plans to invest Rs 300-500 crore in the proposed projects over the next five years.