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DD Package ICBU contract explained.
Explanation of Billion Dollar PVC contract IBCU
ICBU 4.1Million Market cap 1.78 Billion dollar deal
iMD Companies, Inc. Subsidiary, LCG Plastic, Receives Purchase Order and Completes Contract to Supply 1.78 Billion Dollars of Polyvinyl Chloride (PVC) Plastic Pipes to RWS&S Odisha, Bhubaneswar Government in India

India can only fill a little less than half of its PVC demand internally, check out this article. A great interview, with Meela Jayadev, explains the problem India is having not being able to domestically fill the demand of plastics.

https://www.thedollarbusiness.com/magazine/pvc-resins-more-than-just-a-plastic-smile-for-indian-importers/15161

Meela Jayadev (Managing Director of one of India's largest domestic plastic producer Sudhakar Polymers LTD): The insufficiency in domestic production has had a major impact on the manufacturers of PVC finished products. It has not only led to shortage of materials but also increase in raw material prices, thus resulting in an unhealthy environment for the processors and high cost of production. The increased cost has impacted small and medium players more, with them encountering non-competitive pricing, resulting in the market slowly gravitating towards large players.

Why India needs PVC from the book India Investment and Business Guide Volume 1 Strategic and Practical Information by IBP, Inc. published 2016. Read these snippets, LCG got a monster



Every legitimate PVC manufacturer will get a contract from the Government of India

377 Billion to India's infrastructure in 3 years
Here is proof of a past government project of LCG Plastech's
http://depmodisha.nic.in/ratecontract/PVC%201785.pdf

IMO Government of India needs more PVC than the top manufacturers have available. The 1.7 Billion dollar contract that LCG has is just a piece of India's massive infrastructure makeover that is currently taking place.

"India is the fastest-growing large economy in the world, and the government has set itself a target of investing $377 billion (American dollars) in infrastructure over the next three years. As a first step towards meeting this challenge, the country has focused on developing a capable local market, and strong financial and technical capability."-World Economic Forum


Mostly going to be invested (377 billion) in railways and water resources (PVC PIPES)
"To implement the national infrastructure plan, India should empower a national infrastructure unit. It already has a unit established by the Ministry of Finance for the examination, approval and financing of public-private partnership projects. But an empowered infrastructure unit would go a step further: it would oversee and coordinate the country’s development and execution strategy across the traditional silos of government. The point is not to replace the role played by existing ministries – such as the Ministry of Railways or the Ministry of Water Resources – but to support them by prioritizing projects and coordinating strategies."- World Economic Forum

Here is the article-good read.
https://www.weforum.org/agenda/2016/10/india-infrastructure-investment-kpmg/