Sunshield Chemicals Ltd announces capacity expansion

Sunshield Chemicals Ltd has approved project to enhance existing antioxidant plant capacity, debottlenecking of EO / Theic unit and automation.

The existing capacity is 2000 MTPA and utilization is 1800 MTPA. The Proposed capacity addition of 2000 - 2400 MTPA is proposed to be added by March 31, 2023.

The investment of Rs. 25 crores for the expansion project will be financed through internal accruals and loans.

Due to capacity constraints, the company is not able to meet additional demand from the existing customers, and there is need for capacity enhancement and for debottlenecking of EO / Theic unit & automation.

Shares of SUNSHIELD CHEMICALS LTD. was last trading in BSE at Rs. 452.65 as compared to the previous close of Rs. 443.10. The total number of shares traded during the day was 13752 in over 212 trades.

The stock hit an intraday high of Rs. 474.00 and intraday low of 422.25. The net turnover during the day was Rs. 6119570.00.

Source : Equity Bulls

Keywords

SUNSHIELDCHEMICALS INE199E01014 CapacityExpansion TheicUnit DemandIncrease