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Vipul Organics Ltd receives Environmental Clearance for expansion from 10MT to 508 MT at Ambernath Facility

Posted On : 2024-02-20 15:04:22( TIMEZONE : IST )

Vipul Organics Ltd receives Environmental Clearance for expansion from 10MT to 508 MT at Ambernath Facility

Vipul Organics Limited, the BSE listed (VIPULORG / 530627) leading Specialty Chemicals company in the pigments and dyes segment, today announced the receipt of Environmental Clearance for Proposed Expansion of Synthetic Organic Pigments and Dyestuffs, Pigment Dispersion, Naphthols, Fast Salts and Vat Dyes Manufacturing at their existing Ambernath facility.

Granted by the Government of India, Ministry of Environment, Forest and Climate Change (Issued by the State Environment Impact Assessment Authority (SEIAA), Maharashtra, the clearance will help Vipul Organics increase its total production capacity from the existing 10 MT/M to 508 MT/M at Ambemath.

In the first phase the company intends to expand its capacity to 250 MT/M. The cost of this expansion will be through a mix of internal accruals and external borrowings. The company has already raised Rs.5 Crore from the promoters through issue of Warrants.

"We are firmly committed to becoming the preferred provider of colourant to all segments of the industry. Our increased capacity at Ambernath is a testimony to the seriousness of our endeavours. With the expansion, the facility will become the single largest pigment producer in the country", says Mr. Vipul P Shah, Managing Director, Vipul Organics Limited.

Vipul Organics provides total colouring solutions to Paint, Printing Ink, Plastics and Masterbatches, Textiles, Rubber & Latex, Agriculture, Leather, Dietary Supplements and Pharmaceuticals, Food Beverages and Confectionaries industries. Vipul Organics clientele includes the who's who of the industries that they service.

Shares of Vipul Organics Ltd was last trading in BSE at Rs. 187.90 as compared to the previous close of Rs. 184.05. The total number of shares traded during the day was 4022 in over 110 trades.

The stock hit an intraday high of Rs. 194.90 and intraday low of 187.90. The net turnover during the day was Rs. 763596.00.

Source : Equity Bulls


VipulOrganics INE834D01018 EnvironmentClearance ExpansionPlan AmbernathFacility