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Meghmani Organics starts commercial production of Caustic Potash-Flake (KOH)

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Capital Market
Last Updated : Apr 23 2016 | 12:02 AM IST

On 21 April 2016

Meghmani Organics announced that Meghmani Finechem (MFL) a subsidiary of Meghmani Organics (MOL) has commenced commercial production of Caustic Potash-Flake (KOH) of 60 Mt per day on 21 April 2016 at its existing manufacturing facility situated at Plot No. CH 1- CH2, GIDC Dahej, Bharuch.

MFL has successfully commissioned the KOH project within the estimated project cost of Rs. 65 crore. The cost of the project has been funded from internal accrual.

As a result in full year of operation of FY 2016-17 MFL will earn additional revenue of about Rs. 125 crore and Profit before Tax (PBT) of Rs. 20 crore.

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First Published: Apr 22 2016 | 11:15 AM IST

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