Meghmani Organics’ subsidiary starts production at new plant

Meghmani Finechem Limited successfully commissioned Additional Caustic Soda plant along with Captive power plant.

Jun 30, 2020 03:06 IST India Infoline News Service

Meghmani Organics
Meghmani Organics Limited’s subsidiary Meghmani Finechem Limited (MFL) has commenced commercial production of additional Caustic Soda plant of 128000 TPA along with Captive power plant of 36 MW in existing Chlor-alkali and derivative complex at Dahej, Bharuch. The production at the newly commissioned plant started from June 20, 2020.

The caustic soda expansion has been set up at the cost of Rs300cr and Captive Power Plant at Rs150cr. MFL expects that the expansion will add revenue of Rs200cr in current financial year 2020-21 and Rs360cr in the full year of operation in 2021-22.

With this additional Caustic Soda Capacity, MFL will reach to 294000 MT per annum and Captive power plant to 96 MW. The company feels that this will significantly contribute to reduce the country’s dependence on import. The Chlorine and Hydrogen being Co-Product, after this expansion, its capacity will increase by 110000 TPA and 37 million NM3 per annum respectively.

MFL is a material subsidiary of Meghmani Organics Limited (MOL) in which MOL holds 57% of Equity Shares.

Meghmani Organics Ltd ended at Rs52, up Rs1.10 or 2.16% from its previous closing of Rs50.90 on the BSE.

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