The Board of Bhansali Engineering Polymers Limited discussed the proposed enhancement of production capacity of ABS from 75,000 TPA to 200,000 TPA (earlier 145,000 TPA) at company's existing plants at Abu Road, Rajasthan and Satnoor, Madhya Pradesh and appointment of Toyo Engineering India Private Limited (TOYO) as Engineering Consultant for Front End Engineering Design (FEED) and Capex estimation.

Post appointment of TOYO, entire project fundamentals were reviewed in totality. After detailed analysis, it was concluded that overall ABS capacity of 200,000 TPA can be achieved at the existing plants and will be a better option as compared to the earlier proposal of 145,000 TPA, especially in light of the development that Environment clearance for 200,000 TPA is now received.

Moreover, increase in the capacity from 145,000 to 200,000 TPA would hardly require any additional engineering efforts from TOYO.

The realistic project cost for 200,000 TPA ABS capacity will be arrived based on TOYO's report (expected in June 2024).

The expansion will be funded through internal accruals and likely to be implemented by March, 2026.