Clean Science and Technology Limited will be the first in India to manufacture and launch a new series called HALS (Hindered Amine Light Stabilizers) which will find application in water treatment, paint industry, master batches, and polymerization inhibitors. 

Talking about HALS, Siddharth Sikchi, Whole-time Director, Clean Science and Technology Limited said, "We would be the first Indian company to manufacture HALS in the domestic market. The global market size for HALS is estimated to be about US $1 billion and growing at about 7-8% CAGR and our endeavor is to be a key player in this segment within three to four years of our launch." 

On the R&D front, Sikchi said, "The company is specifically focusing on three very large categories. One is the stabilizer, where the entire focus is given on the HALS segment, because it comprises a variety of products. So, we have already done some of them like, 701, 770, 622. There are also more coming up like 944, 292, etc. So, all these products are categorized as an inhibitor segment. Number two segment is intermediates for agro and intermediates for pharmaceuticals, which is what we have already been doing. And of course, one segment is already working on existing business lines, where we are trying to further increase yield efficiencies and processes of our existing businesses, which we are currently working on." 

Talking about Capex, Siddharth Sikchi said, "Capex is underway towards unit 3, where we are expanding our existing products capacity by about 50 odd percent and adding a new range of products called HALS. To this end, we have entered into an agreement to acquire 34 acres of plot, which is unit 4 for our greenfield Capex. This is the largest Capex till date by our company."

During the first half FY2022, we have incurred a Capex of about Rs. 75 odd crores and the Capex commitment continues to be strong with over Rs. 100 crores annually which shall be funded through internal accruals added Sikchi.