Meghmani Finechem Ltd, subsidiary of Meghmani Organics Ltd, has completed the expansion project to increase the capacity of caustic chlorine and captive power plant at its facility located in GIDC Dahej, Bharuch (Gujarat). While caustic chlorine capacity was increased to 476 tonne per day (TPD) from 340 TPD, captive power plant capacity was raised from 40 MW to 60 MW. For this purpose, Meghmani Finechem raised the finance of Rs 96.73 crore.
“Meghmani Finechem’s capacity expansion project has been now completed and the caustic production capacity will reach to 476 TPD by mid-January 2014. The company has received the necessary environment clearance for the purpose,” said the company in a BSE filing.
Jayantibhai Patel, Chairman, Meghmani Organics Ltd, said that Meghmani Finechem does not envisage any difficulty for marketing of caustic chlorine at increased production level. “Caustic and chlorine gas are an inseparable part of everyday lives and given their wide ranging applications in major end-consumer markets, demand for these two basic chemicals is steadily on the rise,” he added.
“Meghmani Finechem’s capacity expansion project has been now completed and the caustic production capacity will reach to 476 TPD by mid-January 2014. The company has received the necessary environment clearance for the purpose,” said the company in a BSE filing.
Jayantibhai Patel, Chairman, Meghmani Organics Ltd, said that Meghmani Finechem does not envisage any difficulty for marketing of caustic chlorine at increased production level. “Caustic and chlorine gas are an inseparable part of everyday lives and given their wide ranging applications in major end-consumer markets, demand for these two basic chemicals is steadily on the rise,” he added.