Jindal Speciality Chemicals invests Rs. 100 Cr+ for Acetonitrile facility
Chemical

Jindal Speciality Chemicals invests Rs. 100 Cr+ for Acetonitrile facility

Presently, the company is marketing its product in India but is looking at an export revenue of around 20-25% in 2024

  • By ICN Bureau | May 06, 2023

Jindal Speciality Chemicals Private Limited, part of Jindal Group is a diverse business conglomerate, engaged in textile, packaging, speciality chemicals, and EV segment and has a rich legacy of three decades, has invested Rs. 100 crore+ for setting up Acetonitrile facility in Kheda, Gujarat. 

The company manufactures Acetonitrile and has a production capacity of 10,000 tonnes per annum. This solvent is widely used in Pharmaceutical, Agro, and Lab chemicals for synthesis purposes.

The manufacturing facility is focusing on products related to verticals like: Agro Intermediates, Pharma Intermediates, Rubber & Polymer, Dyes & Pigment, Industrial Solvent, Life Science & Food, and Industrial Specialities.

Speaking about products manufactured in Kheda facility, Rahul Gupta, Business Head, Jindal Speciality Chemicals Private Limited said, "It is an extremely technology oriented product which is manufactured by few companies in India and has a high amount of differentiation."

"The company has orders in hand and will start supplying customers by May 2023. Presently, the company is marketing its product in India but is looking at an export revenue of around 20-25% in 2024," says Gupta.   

Jindal Speciality Chemicals has been conceived with a vision of “Become a leading speciality chemical company by delivering best-in-class products that enrich the quality of life”.  The company has identified speciality chemicals as its springboard for growth, aligned with the country’s vision of “Aatmanirbhar Bharat”. Over the last many years, the company has invested heavily in its R&D and innovation and is now well-placed to be part of this growing segment. 

"The company's subsidiary Expede-Tech Research & Development is responsible for innovation, experimentation, problem-solving, and development of new, safer, and sustainable production processes. The company also has a fully developed R&D Centre based in Ahmedabad for synthesis and analytical processes and is planning for 70% utilization of its manufacturing facility by April 2024," commented Gupta.  

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