Sintex Plastics Technologies will be moving away from governemnt business in prefab division and will concentrate only on institutional and private orders. The company did a prefab business of Rs 1700 crore in 2017-18 and during the current year its prefab business is likely to come down to Rs 900 crore. According to company sources, long payment cycles associated with the government orders are putting undue pressure on company’s working capital requirements and its decision to reduce government business will bring down working capital requirements.
Sintex Plastics Technology Limited (headquartered in Kalol, Gujarat) is a globally-respected conglomerate with a large and growing presence in plastic processing. The company has two business operations – custom moulding (under its subsidiary Sintex-BAPL Ltd.) and EPC contracts for various infrastructure projects (under its subsidiary Sintex Prefab and Infra Ltd.).
The company’s prefab structures are completely knocked-down plastic kits suitable for enclosures (large and small), which can be assembled within a week – making it the one of the fastest and most cost-effective construction solutions on offer. The product consists of plastic sheets filled with concrete and steel rods which enhance the endurance of the structure. Moreover, prefabricated structures are assembled at the shopfloor by trained professionals thereby minimising wastage and improving their cost effectiveness.