Meghmani Organics begins commercial production at Dahej SEZ unit
Built with about Rs 120 crore, the unit will manufacture pigments using eco-friendly processes
BS B2B Bureau B2B Connect | Mumbai

Ashish Soparkar, Managing Director, Meghmani Organics Ltd, said that the pigment expansion project, in which the company has till date spent approximately Rs 120 crore from its internal accruals, has started commercial production from 1 December 2013. Meghmani Organics will generate estimated revenue of Rs 200 crore and profit before tax of Rs 20 crore from full year of operation in FY 2015. The profit generated will be tax free as the project is in SEZ.
Meghmani Organics is presently manufacturing and selling CPC Blue crude, beta blue, and alpha blue at its pigment Panoli plant and has proven indigenous technology to manufacture the product.
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First Published: Dec 20 2013 | 5:43 PM IST