Vinati Organics to expand ATBS capacity to 60000 MT

24 Jun 2022 , 09:18 AM

Vinati Organics Ltd has announced that given the strong demand outlook of ATBS, the company will be expanding ATBS capacity from 40000 MT to 60000 MT. This would entail a capex of Rs300 crore which will be funded by internal accruals and is expected to get commissioned by December 2023.

Further according to the regulatory filing, the capital expenditure in Veeral Organics Private Limited (fully owned subsidiary of Vinati Organics Limited) is under progress. The total capex is approximately Rs280 crore and the products include 2000 MT of MEHQ & Guaiacol and 30000 MT of Iso Amylene.

These products are used in polymerization inhibitors, flavours, fragrances, pharmaceuticals and pesticides. The commissioning is expected by September 2023.

At around 9:18 AM, Vinati Organics was trading at Rs1837 per share higher by 0.98% on the BSE.