Meghmani Finechem Ltd commissions additional capacity of 1,06,000 TPA of Caustic Soda

Meghmani Finechem Limited (MFL), a leading integrated chemical manufacturer in India, on Friday announced the commissioning of an additional 1,06,000 TPA capacity of Caustic Soda with a captive power plant of 36 MW. After the expansion, MFL will have 4,00,000 TPA of Caustic Soda capacity with a captive power plant of 132 MW. The plant has been commissioned on time and within the estimated CAPEX.

An increase in the capacity of caustic soda is in line with the setting up of new derivatives and specialty chemicals, i.e., Epichlorohydrin (commissioned on 1st June 2022), CPVC Resin (commissioned on 18th July 2022), and other future products. This additional capacity of caustic soda will provide raw material for Epichlorohydrin, CPVC Resin, Chlorotoluene & its value chain and other future projects leading to strengthening MFL's fully integrated complex.

Caustic Soda is an essential chemical which is used in various industries like Alumina, Textile, Chemical, Pulp & Paper, Pharmaceuticals, Dyes, Soaps & Detergents, and various other industries. Increase in demand for caustic soda can be attributed to the overall revival of the economy. Considering India's population and aspiration for better quality products, Government's focus to boost the manufacturing segment through PLI schemes for various sectors and the rise in global demand will lead to a robust mandate for Caustic Soda over the next few years. In the current situation, India needs one sizeable plant of caustic soda every year to meet this growing demand.

Source : Equity Bulls

Keywords

MeghmaniFinechem ExpandedCapacity Commissioned CausticSoda CaptivePowerPlant