ICICI Securities: Prince Pipes & Fittings - Long-Term CPVC Resin Supply Security On Cards 
A worker walks over pipes in Amargarh, Jammu and Kashmir, India. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Securities: Prince Pipes & Fittings - Long-Term CPVC Resin Supply Security On Cards 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Grasim Industries Ltd. has entered into a definitive agreement with Lubrizol Advanced Materials (LAM) to manufacture and supply chlorinated polyvinyl chloride (CPVC) resin in India with first phase of production expected to start in late CY22.

We understand LAM’s current supplies of CPVC compound to its existing two licensees (Prince Pipes & Fittings Ltd. and Ashirvad) is likely to exceed 55,000 tonnes in FY21.

Click on the attachment to read the full report:

ICICI Securities Prince Pipes Company Update.pdf

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