Shree Pushkar Chemicals & Fertilisers has announced the trial production of its new plant at Unit 5 at D-10, MIDC Lote Parshuram, District Ratnagiri is now fully ready to commission.

The new facility has production capacity of 66000 MTPA for Sulphur Chemistry and its derivatives and 7200 MTPA for dyes intermediates. This facility is completely integrated facility. The dry trial run with respect to the plant has been commissioned successfully and the trial production has been started on 27 March, 2022.

The said CAPEX of Rs 105 crores approximately has been completed by the company through internal accruals and cash surplus of the company.

The commercial production with respect to dyes intermediates, being integrated facility, will be commenced on successful completion and starting of commercial production of sulphur chemistry and its derivatives products.

This shall augment company’s dyes and dyes intermediates supply to various parts of the globe. The new plant will be an important base for expanding global as well as domestic sales in the future.

This development is in line with the company’s commitment towards fostering sustainable growth while also creating job opportunities in the region. This capacity addition will enable us to expand our chemical footprints and ensure sufficient and timely supplies thereby adding to efficiencies of the supply chain.

“Further, in continuation of our letter dated 3 February, 2022 with regards to the commencement of Solar Power Project of 5.2 MW_DC Solar Power at Village Kombhaine, Tal Akole, Dist. Ahmednagar, Maharashtra, we would like to draw your attention to the fact, based on receipt of Open Access approval from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) under the “Open Access Working” scheme of government for self-captive consumption, the Company has started getting credit set off of unit consumed at Unit-1 to the extent of unit generated at solar plant. This initiative towards conservation of energy will reduce cost and the Company’s dependence on external source of energy,” the company said in a stock exchange filing.

The total CAPEX of Rs.21 crores towards the solar project has been funded through internal accruals and cash surplus of the company.