Meghmani Finechem to set up caustic potash plant in Dahej

Meghmani Finechem Limited (MFL), a subsidiary of Meghmani Organics Limited (MOL), is planning to set up caustic potash (commonly known as potassium hydroxide) plant of 60 metric tonnes (mt) per day at its existing manufacturing facility situated at Dahej, Bharuch (Gujarat) with an investment of Rs 65 crores. The plant is expected to commence commercial production by September, 2015.
 
“MFL has completed its capacity expansion to increase the manufacturing capacity of caustic chlorine from 340 tonne per day (TDP) to 476 TPD in January 2014 and raised captive power plant capacity from 40 MW to 60 MW in July 2014. To leverage these strengthens, Meghmani Finechem has identified to set up caustic potash plant of 60 mt per day,” said MFL in a press release.
 
MFL will use the latest fourth generation membrane cell technology from Asahi Kasei Chemicals Corporation, Japan, for the construction of the new caustic potash plant.
 
Meghmani Finechem will earn revenue of Rs 130 crore and profit before tax of Rs 17 crore, in full financial operation of financial year 2016-17.
 
The largest users of caustic potash are soap, detergent, fertiliser and chemicals industries. It is also used in molten salt, dyes, pharmaceuticals and photography sectors.