Balkrishna Industries Ltd has successfully completed the expansion of its Carbon Black project and Power Plant facility, marking a significant step in its growth strategy for 2030. The company informed the stock exchanges on June 29, 2026, that both projects were finished, increasing production capacity and power generation capabilities to meet future demand.

The Carbon Black expansion project raised the total capacity to 3,60,000 MTPA from the previously announced 2,65,000 MTPA. The project involved an additional capacity of 95,000 MTPA and required an investment of ₹800 Crore. The expansion was entirely financed through internal accruals, and the existing capacity utilization stood at 91% prior to the upgrade.

Simultaneously, the company completed the expansion of its Power Plant, increasing its capacity from 40 MW to 64 MW. This addition of 24 MW was announced on February 24, 2026, and involved an investment of ₹125 Crore. The existing capacity utilization for the power plant was recorded at 80%. Like the Carbon Black project, this expansion was also funded via internal accruals.

Given the integrated nature of the capital expenditure program, certain equipment and infrastructure were shared between the Power Plant and Carbon Black production lines. The completion of these projects is expected to bolster the company's operational efficiency and support its long-term growth objectives.

Project Details

Balkrishna Industries has accepted the resignation of Ravi Narayan Joshi from the position of Deputy Chief Financial Officer. The resignation is effective from the close of business hours on July 25, 2026, as he intends to pursue the next phase of his professional journey.

Mr. Joshi tendered his resignation on June 22, 2026. In a disclosure to the stock exchanges, the company confirmed that there are no material reasons for the resignation other than the stated professional pursuit. The resignation was submitted pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has received confirmation from Mr. Joshi regarding the absence of any other material reasons for his departure. He expressed gratitude for the opportunities provided during his 5.5-year tenure, noting that the organization encouraged him to take on responsibilities beyond the traditional scope of a Chartered Accountant.

Key Resignation Details

Mr. Joshi committed to fulfilling his responsibilities during his notice period to ensure a smooth transition. The information has been disclosed to BSE Limited and the National Stock Exchange of India Ltd.