Meghmani Organics Limited (MOL) is in the business of Manufacturing of Agrochemical and Pigments. The Agrochemical Manufacturing facilities are situated at GIDC Panoli, GIDC Ankleshwar and GIDC Dahej at District Bharuch.
MOL has commenced Commercial production of the following two plants on 25th November, 2020:
Herbicide 2, 4D Acid Plant at GIDC, Dahej - District Bharuch
The Cost of setting up the Herbicide 2, 4 D Acid with an annual capacity of 10,800 MTs is Rs. 127 Crore. MOL expects to achieve additional Turnover of Rs. 200 Crores on full year of operation. With this expansion the total production capacity of Herbicide 2, 4D Acid Plant is now 21600 TPA.
Formulation Plant at GIDC Panoli - District Bharuch
The Cost of setting up the Agrochemical Formulation plant is Rs. 25 Crores. MOL expects to achieve additional Turnover of Rs. 150 Crores on full year of operation. MOL is also planning to set up the multipurpose plant at Dahej at the cost of Rs. 310 Crores and the Plant is expected to be commissioned by Q4 FY22.
Shares of MEGHMANI ORGANICS LTD. was last trading in BSE at Rs.75 as compared to the previous close of Rs. 76.1. The total number of shares traded during the day was 42244 in over 350 trades.
The stock hit an intraday high of Rs. 76.6 and intraday low of 74.35. The net turnover during the day was Rs. 3173913.