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Epigral Limited opens its first R&D Centre in Ahmedabad

Posted On : 2023-11-20 15:02:30( TIMEZONE : IST )

Epigral Limited opens its first R&D Centre in Ahmedabad

Epigral Ltd, one of India's leading integrated chemical manufacturers, today launched its first research and development centre at Ahmedabad, Gujarat. This is a significant step for the company in enhancing its research capabilities and accelerating its journey towards building Specialty products.

Located at Changodar in Ahmedabad, the R&D centre is built over 14,374 sq. mt and has the latest, state-of-the-art technologies installed that will enable Epigral to catalyse identification of specialty chemical molecules for later introduction in India. The company has consciously strived towards creating a key differentiator for itself by graduating from being a chemical manufacturer to developing research-driven products, in-house.

The centre has been developed with an initial investment of Rs. 30 Cr. and the company will further invest to enhance its capability as its proceeds further.

Commenting on this Mr. Maulik Patel, Chairman & Managing Director of Epigral Ltd. said, "Epigral's R&D centre is a stepping stone towards creating molecules with far-reaching applications for manufacturing pharmaceutical and agrochemical active ingredients. Our investment in research emphasises our focus on steady progress of our company thereby also boosting India's Atmanirbhar capabilities. We want to keep introducing new molecules in the Indian market and make it self-sufficient with our import-substitutes."

Through research and development, the company intends to introduce new molecules indigenous to India and address domestic and global custom manufacturing requirements. This centre will help discovering new molecules within the Chlorotoluene ecosystem and further establish advanced specialty intermediates.

Shares of Epigral Ltd was last trading in BSE at Rs. 910.20 as compared to the previous close of Rs. 914.70. The total number of shares traded during the day was 2988 in over 411 trades.

The stock hit an intraday high of Rs. 924.75 and intraday low of 901.00. The net turnover during the day was Rs. 2735164.00.

Source : Equity Bulls


Epigral RandD Research Development Centre Ahmedabad