Alkyl Amines Chemicals to set up plant for manufacturing of new products at Dahej

9 Nov 2022 , 12:38 PM

Alkyl Amines Chemicals Ltd has informed to the exchanges regarding setting up plants for manufacturing of new products in specialty chemicals and amine derivatives business, at Kurkumbh, Maharashtra and Dahej, Gujarat:

As per the filing, the proposed capacity addition is capacity of 25000 MT-30000 MT per annum for addition manufacture of new products in specialty chemicals and amine derivatives business, at existing facilities at Kurkumbh, Maharashtra and Dahej, Gujarat.

Period within which the proposed capacity is to be added is between 3 months to 24 months.

Investment required between Rs200 to Rs250 crore and mode of financing is internal accruals.

Further, the rationale is to increase the product base to meet the increasing demand in domestic market and replace the imports gradually.

At around 12:56 PM, Alkyl Amines Chemicals Ltd is currently trading at Rs2,902.60 per share down by Rs46.95 or 1.59% from its previous closing of Rs2,949.55 per share on the BSE.

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