Vinati Organics mulls capex of about Rs150cr; stock ends flat

Further, the capex is expected to derive additional revenues of about Rs240cr and is expected to be completed during the Financial Year 20-21.

Sep 03, 2020 11:09 IST India Infoline News Service

Vinati Organics
Vinati Organics Limited, as part of its growth and expansion plans, is envisaging a Capex of about Rs150cr aimed for manufacturing 4 new specialty Chemicals and for expanding the present capacity of the PTBBA plant.

These new products will be used in sectors like Agrochemicals, Dyes and Plastic additives, the company said in the filing.

Further, the capex is expected to derive additional revenues of about Rs240cr and is expected to be completed during the Financial Year 20-21.

The stock ended at Rs1,006.10, down by Rs4.1 or 0.41% from its previous closing of Rs1,010.20 on the BSE.

The scrip opened at Rs1,009 and has touched a high and low of Rs1,022 and Rs1,005 respectively.

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