Prakash Pipes Limited commences production of CPVC pipes and fittings at its Kashipur plant

Prakash Pipes Limited has added Chlorinated Polyvinyl Chloride (CPVC) Pipes & Fittings in its product range by commencing production at its Kashipur plant. CPVC Pipes & Fittings are used in hot water applications and is growing in popularity owing to its higher corrosion resistance at temperatures of around 60°C to 90°C, flame resistance, and other durability features.

As the company is already enjoying a sizable market share of Rigid UPVC Pipes & Fittings with wide distribution network, this addition of CPVC Pipes & Fittings to the portfolio will go a long way towards next phase of growth of the Company.

Shares of Prakash Pipes Limited was last trading in BSE at Rs. 97.45 as compared to the previous close of Rs. 92.75. The total number of shares traded during the day was 14381 and the deliverable quantity was 10082.

The stock hit an intraday high of Rs. 99.80 and intraday low of Rs. 91.

Source : Equity Bulls

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