Ashirvad Pipes is planning to invest around INR 400 crore in setting up two greenfield manufacturing facilities in South India—Chennai and Hyderabad— by FY27, increasing the production capacity from 3 lakh tonnes to 4 lakh tonnes per annum. 

Mar 10, 2025

Belgium-based Aliaxis’ unit in India, Ashirvad Pipes, is planning to invest around INR 400 crore in setting up two greenfield manufacturing facilities in Chennai and Hyderabad by FY27 to expand its manufacturing capacity.

Partha Sarathi Basu, Managing Director, Ashirvad by Aliaxis, said, “We will be setting up the Hyderabad plant in FY26, while the Chennai plant will come up in FY27. The total investment for the two new plants will be around INR 400 crore.”

These two new facilities will increase Ashirvad Pipes production capacity from 3 lakh tonnes to 4 lakh tonnes per annum, increasing it directly by 1 lakh tonnes.  

Also Read: Jindal Stainless to Invest INR 700 Crore in Decarbonization Projects

“In the organised sector, we presently have a market share of 12 per cent. In South India, we are robust with around 50 per cent market share. We are eyeing an 18 per cent market share nationally by FY27,” said Basu. With this, the company aims to grow its revenue from INR 6,500 crore in FY24 to INR 9,000 crore by FY27. The company recently signed an MoU with Jadavpur University for research in new molecule development.