For the first phase, we are anticipating an investment of about Rs. 300-odd crores, which will be all made through internal accruals, says Siddharth Sikchi, Promoter and Executive Director, Clean Science and Technology Limited during Q2 FY22-23 Conference Call.

"On September 26, we conducted Bhumi Pujan for our new 34-acre land parcel, which will be housed in our subsidiary, Clean Fino-Chem Limited. With around 300 people already working at this site, the construction activity has started fully and hopefully we'll commercialize the first phase of the plant by December '23," said Siddharth Sikchi.

"Also, we had earlier communicated that our facilities for HALS 701 and 770 in Unit 3 will begin in half H2 FY '23. All facilities are near to completion, and we expect to start commercial production by November end. So about a month's time from now," commented Siddharth.

We have incurred a Capex of Rs. 62 crore during H1 FY '23 with majority of this going towards our new plant for HALS in Unit 3. We have made further investment in our subsidiary Clean Fino-Chem of about Rs. 65 crore during H1 FY '23," said Siddharth.

But with our new sites, new series of products, and strong R&D pipeline, we will continue to focus on diversifying our product portfolio and geographical presence while simultaneously improving yields and operational efficiencies, says Siddharth.

"Clean Fino-Chem Ltd. has a 34-acre facility. The first Rs. 100-odd crore is going into building common facilities like utility block, admin block, QC block, R&D block, ETP facility, and overall landscaping. The next Rs. 200 crore is all going into building HALS facilities. Now what happens is after this HALS, when we are coming up with a new product, then the expense or the Capex is only going into building that particular plant, which will be far lower than doing the entire facility again," added Siddharth.