Bodal Chemicals Limited (BCL), one of the largest manufacturers and exporters of multiple chemical products including dyestuffs, dye intermediates, basic chemicals and its variants, is planning diversification and expansion strategy by investing one time infrastructure cost of Rs. 360 crores by 2022.

BCL announces diversification into Specialty Benzene Downstream Products and expansion of Sulphuric Acid & its Derivatives at Saykha GIDC, Bharuch, Gujarat. These products will further enhance the Specialty Chemicals Segment for BCL and shall open new growth areas as the company intends to further expand into specialty products.

Out of Rs. 360 crores estimated cost of the project, the cost of Benzene Series products will be around Rs. 180 crores and cost of Sulphuric Acid & Derivatives will be around Rs. 125 crores. Bodal Chemicals Limited has already purchased the land costing around Rs. 85 crores from internal accruals.
 
The expected date of completion of the project is September 2022 and estimated revenue would be around Rs. 450 crores at optimum utilisation. The company will also set up independent R&D center for product development as well as process improvement

The capacity of the Benzene downstream product will be 58,600 MTPA and the company will get products like MCB, PNCB, ONCB, MNCB, DNCB, PNA, 2,4 DNCB, MPDSA etc. The capacity of the Sulphuric Acid & derivatives 3,40,000 MTPA and the company will get products like Sulphuric Acid, Oleum (23%-65%), Liquid SO3, Chloro Sulphonic Acid etc. The end-user industry of the products will be pharmaceuticals, agrochemicals, dyes industry and rubber industry.

BCL is one of the largest manufacturers and exporters of multiple chemical products including dyestuffs, dye intermediates, basic chemicals and its variants. BCL’s wide range of products make it a well-integrated player enjoying a lowered cost of production. Besides, BCL is also an end-to-end solution provider for its customers. Total revenues from operations increased by 157% (10% CAGR) to Rs. 1,231.8 crores in FY 2019-20 from Rs. 479.3 crores in FY 2009-10.