Shree Pushkar Chemicals & Fertilisers Limited Dyes Intermediate plant is ready to start commercial production pending approval from the explosive department, Nagpur which is currently in the advanced stages of approval and is expected to receive approval at any moment says Punit Makharia, Chairman and Managing Director, Shree Pushkar Chemicals & Fertilisers Limited.   

As soon as we receive this approval from the explosive department, the plant will begin its commercial production with immediate effect, added Makharia. 

"The total Capex plan is around Rs. 165-170 crore which is totally funded through the internal accruals, out of which Rs. 114 crore is incurred on Unit 5, Rs. 28 crore is incurred on the acquisition of Madhya Bharat, Rs. 21 crore is incurred on the solar project and Rs. 5 crore is incurred on the revamp of Unit 1," said Makharia.

"The Unit 5 Capex of Rs. 114 crore has been completed. The Dry trial runs with respect to the SA Plant have been commissioned successfully and the trial production has started on 27th of March, 2022. This shall further grow our dye intermediate volume and dyes in turn volume with respect to the Sulphur chemistry plant, the trial production is expected to commence within the next 2 months," commented Makharia.

"Finally, we are one of the few market players with both forward and backward integration capabilities, our company has 8 locations across India, plus one more which is of a solar and total is 9 locations and its progressive, we are highly regulated and we are proud to tell you that we are still a zero-waste company," added Makharia.