Dyes manufacturer Shree Pushkar Chemicals & Fertilisers is  going ahead with its expansion plan. The company earlier announced an investment of Rs. 129 crore in FY22 on expanding the production capapcity as well as setting up 2 solar projects.

For Dye Intermediates (DI), the planned capex is Rs. 108 crore. This is for further expanding the dye intermediates capacities to 24,000 MTPA. The capex plan is on track as the company has already incurred Rs. 99.5 crore which is 92% of the planned capex until 31st December 2021.

Dry run has commenced for Unit V and the company is expecting commercial production by Q4 FY22.

The company is planning an electricity generation commissioning for two solar projects of 2.00 MW AC and 2.60 MW DC each (total 5.2 MW DC) in Ahmednagar, Maharashtra. The planned capex is Rs. 21 crore out of which Rs. 13.29 crore has been incurred until 31st December 2021. This shall lead to significant reduction in energy cost going ahead.