Manali Petrochemicals to invest Rs 150 crore in capacity expansion

Manali Petrochemicals (Manali Petro) received the board's approval to increase the capacity of Propylene Glycol (PG) from the existing 22,000 TPA (tonnes per annum) to 70,000 TPA by addition of 48,000 TPA, at an estimated cost of about Rs. 150 crore.

The project will be implemented in two phases.

In the first phase 24,000 TPA would be added at a cost of around Rs 60 crore, to be met through internal resources. Subject to receipt of regulatory approvals, the project is expected to be completed in 18-21 months. It may be noted that MPL is the only domestic manufacturer of PG which