By: ICN Bureau
Last updated : August 01, 2023 9:47 am
The new manufacturing site is expected to come on stream approximately in 3 years
The Board of Directors of Laxmi Organic Industries Limited, at the Special Strategy Meet held on 29th and 30th July, 2023, have approved a capital expenditure of ₹ 710 crores for setting up a new manufacturing site at Dahej, Gujrat.
This is a new manufacturing facility of the Company at Dahej, Gujarat which will have capability to produce multi products. Product portfolio of the first phase will be:
- Specialties - Diketene and Ketene derivatives
- Essentials - Esters, Anhydrides and Aldehydes derivatives
The Project will be funded through a mix of internal accruals, debt and equity.
The new manufacturing site is expected to come on stream approximately in 3 years.