Astral has announced its strategic move into backward integration by manufacturing CPVC resin, the prime raw material for its operations.

Astral has spent the last three years on R&D to establish manufacturing capabilities for CPVC resin, achieving “quality at par with international standards” and economical production costs compared to the industry. To execute this plan, Astral has entered into an agreement with Nexelon Chem to acquire 80 percent equity at a par value of Rs 80,000. The total project cost is estimated at Rs 150 crore for an annual capacity of 40,000 MT of CPVC resin.

Astral will invest approx. Rs 120 crore (80 percent share) in a phased manner over the next 12 months. The transaction is expected to close within 60 days, and commercial production is targeted to begin by Q2 FY-27. The company operates under two business verticals — Plumbing (pipes, fittings, water tanks, bathware) and, Paints and Adhesives (Erstwhile Resinova, Seal It, and Astral Coatings – Gem). This move strengthens Astral’s supply chain, cost efficiency, and product quality leadership in the sector.