Incremental capacities in place, volume led growth to follow PCBL after successfully commissioning a 56kT rubber black line it has augmented its effective carbon black capacity to ~4.9 lakh tonne in Q3FY19 from ~4.1 lakh tonne in FY17. Furthermore, the company is aggressively strengthening its specialty carbon black capacity by adding 15kT line in Q2FY20E and another 32kT line in Q4FY20E.Despite the incremental capacities in place production in FY19E is expected to reach ~4.11 lakh tonne, up ~2% YoY mainly due to maintenance shutdowns, one off events and change in product mix. However, given the tightness in domestic carbon black...