By: ICN Bureau
Last updated : June 24, 2022 10:18 am
This would entail a Capex of Rs. 300 crore which will be funded by internal accruals and the plant is expected to be commissioned by December 2023
Vinati Organics Limited (VOL) will be expanding ATBS capacity from 40,000 MT to 60,000 MT.
This would entail a Capex of Rs. 300 crore which will be funded by internal accruals and the plant is expected to be commissioned by December 2023.
The capital expenditure in Veeral Organics Private Limited (VAPL), a 100% subsidiary of Vinati Organics Limited is under progress. The total Capex is approximately Rs. 280 crore and the products include 2,000 MT of MEHQ & Guaiacol and 30,000 MT of Isoamylene. These products are used in polymerization inhibitors, flavours, fragrances, pharmaceuticals, and pesticides. The commissioning at VAPL is expected by September 2023.
The Capex in VAPL would give the company 5-6 new products which would find its usage across various sectors like pharmaceuticals and refinery, in applications such as monomer additive and as a solvent for catalysts.
The company has also announced a Capex of approximately Rs. 65 crore towards niche specialty chemicals which will be intermediates in agrochemicals.