| PVC Resin | Manufacture and sale of PVC resin primarily used internally and sold externally. | Backward integration providing cost advantage and supply security. | Industrial customers and internal segments; B2B focus. | Captive resin production reduces raw material costs, enhancing margins. | 38 | 1 | Sale of PVC resin products to industrial customers and internal use for pipes manufacturing. | Volume-based sales, pricing linked to market conditions. | Increased resin production capacity and PVC demand growth. | In-house PVC Resin product |
| Pipes & Fittings | Manufacture and sale of PVC and CPVC pipes and fittings for agriculture, plumbing, and construction. | Strong brand loyalty, wide distribution, quality products, and exclusive CPVC compounding partnership. | B2B and B2C – farmers, contractors, plumbing and construction sectors. | CPVC pipes with specialized compound tied up with Lubrizol. | 4104 | 99 | Sales of products through dealers and distributors across India. | Direct sales through dealer network; volume driven revenue. | Agriculture irrigation demand, urban infrastructure growth, and brand expansion. | Finolex Pipes, Finolex FlowGuard Plus (CPVC) |
