Ddev Plastiks Industries Limited has officially announced the commencement of commercial operations at its new manufacturing unit located in Bhiwandi, Rajasthan, effective April 28, 2026. This strategic expansion is governed by Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The facility is dedicated to the production of XLPE and allied products, marking a significant step in the company’s efforts to scale its specialized manufacturing capabilities.

The new Bhiwandi unit represents a substantial investment of approximately INR 80 Crores. With an installed capacity of 48,000 MTPA, the facility is designed to enhance the production of the company’s niche XLPE products to meet rising customer demand and expand its geographic footprint. Management anticipates that this unit will contribute additional revenue of approximately Rs. 500 Crores over time, contingent upon favorable market conditions and optimal capacity utilization. All necessary statutory and regulatory approvals for the commencement were secured prior to the launch.

Established in 1977, Ddev Plastiks has grown into India’s largest manufacturer of specialty polymer compounds, with a total annual capacity of around 2,50,000 MT as of early 2025. The company’s diverse portfolio includes over 200 compounds, primarily serving the wire and cable industry, but also catering to packaging and white goods. In recent 2025 updates, CRISIL upgraded the company’s ratings to ‘CRISIL A+/Stable/CRISIL A1+’. Additionally, in early 2026, the company received approval for a new venture into Battery Energy Storage Systems (BESS) and declared an interim dividend of Rs 0.50 per share.

For the quarter ended December 31, 2025 (Q3 FY26), Ddev Plastiks reported a revenue of Rs. 737.23 Crores, reflecting a 10.86% YoY increase from Rs. 664.99 Crores in the corresponding quarter of 2024. The net profit for the quarter stood at Rs. 48.04 Crores, representing a 3.09% YoY growth. On a sequential basis, revenue grew by 6.7% QoQ, while net profit increased by 1.97% QoQ. The company maintains a strong promoter holding of 75.00% as of March 2026, with the promoter group primarily represented by Bbigplas Poly Private Limited. Notable institutional presence includes various Foreign Portfolio Investors, whose numbers increased to 20 in the March 2026 quarter.