The expansion will see production capacity increase from 9,800 tonnes per annum to 26,000 tonnes per annum. The integrated plant will produce both, liquid as well as powder formulations.
Atul further said that the plant will be equipped with a zero liquid discharge facility in line with the commitment of the company towards sustainability. The products are GOTS approved and Oeko-Tex Standard 100 compliant.
Atul is an integrated chemical company. The company operates through two segments: life science chemicals, and performance and other chemicals.
The company posted a 17.6% decline in consolidated net profit of Rs 155.43 crore in Q3 FY22 from Rs 188.58 crore posted in Q3 FY21.
Shares of Atul were trading 2.39% lower at Rs 8890 on BSE.
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