Balaji Amines to set up new plant for manufacturing Acetonitrile; Stock down 1%

The proposed capacity addition is 16500 TPA at an outlay of Rs70 to 80cr.

Aug 04, 2021 01:08 IST India Infoline News Service

Balaji Amines
Balaji Amines Limited has informed that the Board of Directors on Monday, August 2, 2021 has approved for setting up of new plant for manufacture of Acetohitrile.

The Existing Capacity of Acetonitrile is 9000 TPA and the current capacity utilization is 60%.

The proposed capacity addition is 16500 TPA at an outlay of Rs70 to 80cr which will be funded through internal accruals.

The project will be commissioned in the next 12 to 18 months.

At around 1:03 PM, Balaji Amines was trading at Rs3,375 apiece down by Rs31.40 or 0.92% on the BSE.

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