Vinati Organics plans Rs. 150 crore expansion, to manufacture four new speciality chemicals
Chemical

Vinati Organics plans Rs. 150 crore expansion, to manufacture four new speciality chemicals

The manufacturing of four new specialty chemicals is expected to be completed during FY 2020-21.

  • By Pravin Prashant | September 03, 2020

As part of its growth and expansion plan, Vinati Organics Limited (VOL) has envisaged a capex of Rs. 150 crore aimed for manufacturing four new specialty chemicals and for expanding the present capacity of the PTBBA plant.

These new products will be used in sectors like agrochemicals, dyes and plastic additives. The capex is expected to derive additional revenues of about Rs. 240 crore for the company.

The manufacturing of four new specialty chemicals is expected to be completed during FY 2020-21.

The company had witnessed a tough situation during first quarter of the current fiscal wherein its earnings and profit fell due to lockdown and sluggish demand. It's sales dropped by 21.74% YoY and stood at Rs. 231.57 crore in Q1 FY21 along with drop in profits by 12%.

Established in 1989, Vinati Organics Limited is a specialty chemical company, focusing on manufacturing specialty chemicals and organic intermediaries. The company combines innovation with chemistry to deliver value-added products to its customers.

The company has two plants, both situated in Maharashtra at Mahad (Raigad) and Lote Parashuram (Ratnagiri). The company is world leader in two main products - Isobutyl Benzene (IBB) and 2-Acrylamido 2 Methylpropane Sulfonic Acid (ATBS). The company is present in over 22 countries worldwide and exports its products to customers across the US, Europe and Asia. 

 


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