hi
GRP in a recent interview mentioned that the rCB market was about Rs. 3500cr and growing in double digits. And they are planning to enter this segment.
Compared to that, just PCBLs VCB turnover for FY24 was Rs. 6000cr. And they have made a lot of investments in this already.
However it is possible that such companies may look at making rCB as part of their ESG commitments.
Regarding raw material – transportation cost of tyres within India is not a major factor for setting up the plants. As much as being closer to their customers is. Plus state govts give incentives to set up plants in certain locations, which also becomes a deciding factor.
100 TPD is Higreen’s sweet spot (as mentioned earlier). However they can even set up 2 100TPD plants in the same location if they are able to sell their products easily.
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