Shree Pushkar Chemicals & Fertilisers Limited (SPCFL), a leading manufacturer of dyes, dye intermediates, and fertilisers has allocated a Capex budget of Rs. 215 crore to enhance the capacity of the chemical business.

The company has allocated a Capex budget of Rs. 215 crore to enhance the capacity of the chemical business (excluding acid complex) by way of backward and forward integration and fertilisers business (consolidated capacity) by way of manufacturing of complementing products. Additional Capex for 3.8 MW DC solar power for captive consumption under ‘Open Access Scheme’ of Maharashtra State Electricity Distribution Company Limited (MSEDCL).

The Capex will be financed through internal accruals and preferential issue to the promoter and the company intends to be net cash positive throughout these strategic investments.

Ongoing Capex Project Summary (Rs. in crore)

The company has successfully completed Capex of Rs. 174 crore on a consolidated basis funded through internal accruals. During Q1 FY25, a total Capex of Rs. 1.90 crore was incurred for the establishment of a solar power plant with a capacity of 3.8 MW DC, while an additional Rs. 6.63 crore in Capex was incurred towards investments in the chemical and fertilisers verticals.

Commenting on the performance Punit Makharia, Chairman and Managing Director, Shree Pushkar Chemicals and Fertilisers Ltd. said, "As we move forward, our focus remains on leveraging our strengths in both chemicals and fertilisers, driving operational efficiencies, and sustaining our growth momentum. We remain committed to delivering long-term value to our shareholders through strategic investments and prudent financial management.”

Shree Pushkar Chemicals and Fertilisers Limited founded in 1993 is an established market leader in dyes & dyes intermediates is a zero-waste chemical company.