Several companies in India announced capacity expansion plans during Q3 FY25 (October-December 2024). Based on available information up to the current date of February 26, 2025, here are some notable examples:
- Hitachi Energy India Limited
- In its Q3 FY25 results announced on January 29, 2025, Hitachi Energy India highlighted a robust order backlog of INR 18,994.4 crore, its highest ever, signaling ongoing capacity enhancements and operational expansion. While not explicitly detailing a new capacity increase in Q3, the company’s strong performance in power quality, substation, and renewable energy orders (e.g., from Australia, Indonesia, and Canada) reflects its continued investment in scaling capabilities.
- Bank of Baroda
- On February 7, 2025, as part of its Q3 FY25 results, Bank of Baroda, India’s third-largest state-owned bank, announced plans to double its balance sheet over the next five years. While this is more of a financial capacity expansion rather than physical production, it indicates significant growth in lending capacity, supported by a 14.86% rise in corporate loans and an 11.65% increase in retail personal loans during the quarter.
- PCBL Limited (Phillips Carbon Black Limited)
- Though the initial announcement predates Q3 FY25 (noted in July 2024), PCBL’s capacity expansion plans for FY25 were actively progressing during this period. The company is implementing a 20,000 MTPA specialty black expansion at its Mundra plant, expected to be commissioned within FY25, raising its specialty black capacity to 112,000 MTPA. Additionally, a brownfield expansion of 90,000 MTPA carbon black at its Tamil Nadu facility is set to be completed in FY25 in two phases (30,000 MTPA and 60,000 MTPA), boosting total capacity to 880,000 MTPA. These projects were likely in execution during Q3 FY25, aligning with the company’s aggressive growth strategy.
- NLC India Limited
- While the exact announcement timing isn’t tied explicitly to Q3 FY25, NLC India’s plans to expand its mining capacity from 32.5 MTPA to 102.5 MTPA and thermal power capacity from 4.6 GW to 11.14 GW by 2030 were reiterated in FY25 updates (noted in August 2024). With over 2 GW of renewable energy projects lined up for FY25, some progress or related announcements likely occurred during Q3 FY25, given the scale and timeline of these initiatives.
- ReNew Energy Global Plc
- In its Q1 FY25 results (August 2024), ReNew reiterated plans to complete construction of 1,900 to 2,400 MW of capacity by the end of FY25. Subsequent updates, including commissioning 400 MW of solar and 14 MW of wind capacity post-Q1 (by August 15, 2024), suggest that further capacity-related developments likely continued into Q3 FY25, though specific Q3 announcements aren’t detailed in the available data.
Notes:
- The information reflects announcements or ongoing expansions reported around Q3 FY25. Some plans may have been initiated earlier but were active or updated during this quarter.
- Limited data explicitly ties announcements to the exact October-December 2024 window due to the timing of financial reporting (many Q3 results were released in January-February 2025). However, these companies’ activities align with capacity expansion efforts relevant to Q3 FY25.
- For the most precise list, further details from company press releases or financial statements issued in early 2025 would be needed, but the above examples are supported by available updates.