By: ICN Bureau
Last updated : August 06, 2021 11:04 am
The project is proposed to be funded by a mix of loans and internal accruals with a debt equity ratio of 2:1
Oriental Carbon & Chemicals Limited (OCCL), a globally respected manufacturer of Insoluble Sulphur, is planning expansion for Insoluble Sulphur and Sulphuric Acid.
The company is planning a capital investment of around Rs. 216 crore including working capital of Rs. 7.5 crore. The project is proposed to be funded by a mix of loans and internal accruals with a debt equity ratio of 2:1.
The company is planning expansion of Insoluble Sulphur capacity by 11,000 MT and Sulphuric Acid capacity by 42,000 MT. In Phase 1, 5,500 MT of Insoluble Sulphur line and 42,000 MT of Sulphuric Acid Line at Dharuhera, Haryana is expected to be commissioned by October 2021. In Phase 2, 5,500 MT of Insoluble Sulphur line capacity is planned by the company.
Once the expansion is completed, the total capacity of Sulphuric Acid would become 88,000 MT.
Incorporated in 1978, Oriental Carbon & Chemicals Limited belongs to the JP Goenka Group of Companies. The company possesses more than 25 years of experience in manufacturing Insoluble Sulphur. Over the years, the company has translated into the ability to manufacture customised and value added grades for its customers. These grades have helped the company address the demanding requirements of some of the largest global quality-driven tyre manufacturers.