Rossari Biotech Limited to commission greenfield facility at Dahej by March 2021

Rossari Biotech Limited (Rossari), a Speciality-Chemicals manufacturer providing intelligent and sustainable solutions for customers across industries, has announced that the operationalisation of the greenfield manufacturing facility at Dahej os progressing as per schedule and on-track to be commissioned by March 2021.

During the quarter (Q2FY21), the Company successfully commissioned the first phase of the Greenfield manufacturing facility at Dahej, Gujarat.

The Company remains on track to fully operationalise the plant by March 2021. The facility, with a proposed installed capacity of 132,500 MTPA, is a state-of-the-art automated unit, bringing in higher cost-efficiencies and economies of scale. The plant also enjoys proximity to multi-cargo port of Dahej, which provides a cost and logistical advantage.

The operationalisation of the plant will further provide a strong impetus to volumes, going forward.
Shares of Rossari Biotech Ltd. was last trading in BSE at Rs. 806.25 as compared to the previous close of Rs. 801.40. The total number of shares traded during the day was 38653 and the deliverable quantity was 29757 shares.

The stock hit an intraday high of Rs. 824 and intraday low of Rs. 797.

Source : Equity Bulls

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