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Epsilon Carbon to infuse Rs 550 cr to double capacity

Tuesday, 27 Sep 2022
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Epsilon Carbon will make an investment of Rs 550 crore to almost double its plant capacity. The investment will take its manufacturing capacity to 225,000 tpa from 115,000 tpa. 
The investment will also include setting up a 25 MW captive power generation plant at Vijaynagar plant in Karnataka. The funds will be raised through a mix of debt and internal accruals. 
With this expansion, Epsilon Carbon will have the third largest manufacturing capacity behind PCBL and Birla Carbon. 
The company also aims to increase its manufacturing capacity to 800,000 tonne by 2030, including expansion through greenfield facilities. 
The company will look to raise capital through equity once it reaches a milestone of Rs 5,000 crore in revenue, which would take about a couple of years.
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