Haryana-Based PP Softtech Becomes India's Second-Largest Bitumen Importer in Record Time
VMPL
New Delhi [India], June 24: In just four years since its launch in 2020, Faridabad-based PP Softtech Pvt. Ltd. has rapidly emerged as a game-changer in India's infrastructure and export sectors. Driven by a commitment to quality and operational excellence, the company has surpassed ₹1,000 crore in turnover, achieved without any external funding, solidifying its position as the country's second-largest importer of bitumen.
PP Softtech operates in two high-growth sectors: infrastructure and agri-exports. On the infrastructure front, it supplies a wide portfolio of road-building materials including polymer-modified bitumen (PMB), crumb rubber-modified bitumen (CRMB), emulsions, and industrial-grade fuel and base oils. These materials support large-scale public and private construction projects across India.
In an industry that's steadily seeing prices going up due to an increase in crude oil prices worldwide, PPS is sourcing from the world's best refineries at economical prices to overcome price increases in India and helping build India's infrastructure at subsidised costs.
Recognising India's diverse geography, the company customises its bitumen formulations to meet regional climatic demands, delivering roads that are more durable and sustainable. Every batch of material undergoes strict quality checks to meet both national and international standards, reinforcing its reputation as a trusted partner in infrastructure development.
Addressing the company's rapid growth and strategy for staying ahead in a fast-evolving policy environment, Mr. Prashant Garg, Founder & Managing Director of PP Softtech Pvt. Ltd., said, "Our rapid growth reflects the trust our partners place in us and the clarity of our vision. By sourcing high-quality materials from the world's best refineries at economical rates, we're able to counter price volatility and contribute to infrastructure development at more accessible costs. Additionally, recognising India's diverse geography, we've built a responsive supply and logistics network that ensures timely delivery across all terrains, from metro cities to remote project sites."
PP Softtech's rise comes at a time when India is doubling down on infrastructure expansion and global trade ambitions. As policy shifts push for more sustainable and tech-driven solutions, the company's dual focus on smart road-building materials and high-quality agri-exports positions it as a key player in two of the country's fastest-evolving sectors.
About PP Softtech Pvt. Ltd.
PP Softtech is India's second-largest bitumen supplier and a growing force in fuel oil and base oil distribution. The company also ranks among the leading exporters of Basmati and Non-Basmati rice, as well as fresh produce like lemons, onions, and chilies. Known for its quality-first approach, PP Softtech adheres to global standards at every step. With innovation at its core, the company delivers smart, end-to-end solutions across sectors.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
34 minutes ago
- Time of India
Hindalco shares in focus after subsidiary acquires US-based AluChem for $125 mn
Hindalco's subsidiary has acquired US-based AluChem for $125 million, marking its entry into the low-soda tabular alumina space. The move boosts Hindalco's speciality alumina portfolio, strengthens its North American footprint, and aligns with its strategy to lead in high-tech, value-added materials. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Hindalco Industries , the metals flagship of the Aditya Birla Group , will be in focus on Wednesday after the company announced the acquisition of US-based AluChem Companies, Inc. for an enterprise value of $125 million. The deal will be executed through Aditya Holdings LLC, a step-down wholly owned subsidiary of marks the first entry by an Indian company into the low-soda tabular alumina segment, significantly strengthening Hindalco's presence in precision-engineered, high-performance industrial materials. Tabular alumina is a premium-grade material used in applications across refractories, ceramics, and advanced this acquisition, Hindalco enhances its footprint in North America and broadens its speciality alumina portfolio. The company's speciality alumina business — a key pillar in its value-added product strategy — has seen consistent double-digit growth and has emerged as a high-margin vertical in recent speciality alumina gains traction across sectors such as electric mobility, semiconductors, and precision ceramics, the acquisition positions Hindalco to access next-generation applications and drive innovation-led has a strong presence in North America, with an annual production capacity of 60,000 tonnes across three manufacturing facilities located in Ohio and Arkansas. It is a well-established supplier of ultra-low soda calcined and tabular alumina, known for its thermal and mechanical stability, catering to high-precision industries and energy-intensive Mangalam Birla, Chairman of Aditya Birla Group, said, 'This acquisition is an important step in our global strategy to build a leadership position in value-added, high-tech strategic foray into the speciality alumina space will not only accelerate the development of future-ready, sustainable solutions but also open new pathways to pursue high-impact growth opportunities."Hindalco shares have gained around 13% so far in 2025 and have delivered a robust return of 64% over the past two years. The company currently commands a market capitalisation of approximately Rs 1.5 lakh crore.: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
35 minutes ago
- Time of India
Ashok Leyland eyes northern push, projects single-digit M&HCV industry growth
New Delhi: Commercial vehicle manufacturer Ashok Leyland aims to deepen its market penetration in North India, followed by the East over the next 2–3 years, while continuing to defend its hold in the South and West. Currently, about 30–32 per cent of total industry volumes (TIV) comes from the North, where Ashok Leyland holds a 25 per cent market share. 'We are aiming to raise the North's contribution to 30 per cent by improving expansion in the region. When I talk about the North, I am referring to all the states up to Uttar Pradesh and Rajasthan,' Sanjeev Kumar, President of M&HCV, Ashok Leyland, said. The Chennai-based company's plan is to add over 50 touchpoints in the North this year, expanding beyond its current 291 channel outlets across the region. While South and West India contribute around 21–22 per cent each to the overall CV industry, the East stands at about 15 per cent and central India at 8–9 per cent. The automaker has ramped up capacity with a newly inaugurated bus body plant in Vijayawada and a chassis and bus facility in Lucknow, which is set to become operational by October. The company also operates two existing northern plants-- one in Alwar for buses and trucks, and an integrated facility in Pantnagar. In the south, it runs a foundry and two plants in Ennore for buses, trucks, and exports; a gear train facility in Bhandara; a bus body unit at GTVS-Trichy; and three Hosur plants (I, II, III) catering to a wide product range. Industry growth in FY26 Kumar noted that the CV industry typically follows a three-year growth cycle before entering a slowdown. This being the fourth consecutive year of growth, it should expand, albeit at a single-digit rate. According to him, core sectors such as e-commerce, government capex, and agriculture are performing well, giving confidence in sustaining "at least a single-digit" growth. Last year, the industry recorded a decline of 3 per cent. On the bus front, demand remains strong, led by robust order inflows from State Transport Undertakings (STUs) across India. Additionally, the school and staff transportation segments continue to show steady demand. However, he pointed out that while the sector is navigating several structural challenges. The government's efforts to enhance logistics efficiency such as dedicated freight corridors between key regions, are boosting rail transport, leading to a short-term shift from road to rail cargo. Plans to expand inland waterway usage are also underway to cut costs and transit times. Simultaneously, demand is shifting toward higher-tonnage trucks, as fleet operators aim to move more goods with fewer vehicles which is also impacting overall sales volume. According to him, a key positive for the CV sector is the stability in diesel prices over the past 2–3 years. This consistency has enabled fleet operators to plan finances more effectively, providing cost predictability amid shifting industry dynamics and ongoing logistical reforms. Ashok Leyland currently has an order book of nearly 4,000 buses from STUs awaiting execution.
&w=3840&q=100)
Business Standard
39 minutes ago
- Business Standard
Sambhv Steel invites bids for ₹540 crore IPO: GMP 6%, should you subscribe?
Sambhv Steel Tubes IPO: The initial public offering (IPO) of Chhattisgarh-based steel pipe manufacturer Sambhav Steel Tubes will open for public bidding today, June 25. At the upper price band, the company aims to raise ₹540 crore. Ahead of the opening of the issue, Sambhv Steel has raised ₹161.25 crore crore from 19 anchor investors at the upper price band of ₹82 per equity share. As the public issue opens for bidding, here are the key details of the Sambhv Steel Tubes IPO: Sambhv Steel IPO is a book-built issue comprising a combination of fresh issue of 53.7 million equity shares, aggregating to ₹440 crore and offer-for-sale (OFS) of 12.2 million shares aggregating to ₹100 crore. Sambhv Steel IPO lot size, price band Sambhv Steel IPO is available at a price band of ₹77-82 per share, with a lot size of 182 shares. Accordingly, investors can bid for a minimum of one lot or 182 shares of Sambhv Steel and in multiples thereof. The minimum amount required by a retail investor to bid for the IPO is ₹14,924. A retail investor can bid for a maximum of 13 lots or 2,366 shares, amounting to ₹1,94,012. Sambhv Steel IPO grey market premium (GMP) The unlisted shares of Sambhv Steel were commanding a modest premium in the grey market ahead of the opening of the public issue. Sources tracking unofficial market activities showed that Sambhv Steel shares were trading at around ₹87 per share, reflecting a grey market premium (GMP) of ₹5 or 6.1 per cent over the upper end of the issue price. Sambhv Steel IPO allotment date, listing date The three-day subscription window to bid for the issue will conclude on Friday, June 27, 2025. Following the closure of the subscription window, the basis of allotment of shares is likely to take place on Monday, June 30, 2025. Shares of Sambhv Steel are scheduled to make their D-street debut on Wednesday, July 2, 2025, by listing on the BSE and NSE. Sambhv Steel IPO registrar, lead manager Kfin Technologies is th registrar for the issue. Nuvama Wealth Management and Motilal Oswal Investment Advisors are the book running lead managers Sambhv Steel IPO objective According to the red herring propectus (RHP), the company plans to use 390 crore from the net fresh issue proceeds for prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company. The remaining funds will be used for general corporate purposes. Should you subscribe to the Sambhv Steel IPO? SBI Securities - Subscribe for long-term "The company is valued at an annualized EV/Ebitda multiple of 18.2x and a P/E multiple of 44.5x for 9MFY25, based on the upper price band and postissue capital," SBI Securities said in a research note. According to analysts at SBI Securities, Sambhv Steel Tubes stands out as one of the few players in India with a backward integration facility, enabling it to offer a diverse portfolio of premium products in a cost-efficient manner. The proceeds from the issue will be used primarily to reduce debt, thereby lowering interest costs and strengthening the balance sheet. "With ramp up in capacity utilisation of CR coils (SS) and Pre-galvanised (GP) pipes expected over the next 2-4 quarters, margins are likely to expand. Strong industry tailwinds, robust backward integration and a growing portfolio of value-added products, the company is well-positioned for sustained growth. We recommend investors to subscribe the issue at cut-off price with a long-term investment horizon," the brokerage said. About Sambhv Steel Tubes Sambhv Steel Tubes is the manufacturer of Electric Resistance Welded (ERW) steel pipers and structural tubes (hollow section) in India. It manufactures a range of finished products including ERW black pipes & tubes (hollow section), pre-galvanised (GP) pipes, Cold Rolled Full Hard (CRFH) Pipes & galvanised iron (GI) pipes and steel door frames, using intermediate products such as sponge iron, blooms/slabs & hot rolled (HR) coil, cold rolled (CR) coil (mild steel) and GP coils which are manufactured in-house. It is one of the two players in India manufacturing ERW steel pipes & tubes (along with hollow section pipes and tubes) using narrow-width HR coil, as of December 2024. The products are used across multiple sectors, including housing and infrastructure, water transportation, agriculture, automobile, telecommunications, oil & gas, engineering, solar energy, fire-fighting systems and support structures of conveyors.
