Environmental Clearance received for upcoming Manufacturing Site in Dahej, Gujarat

Laxmi Organic Industries Limited (LOIL) is pleased to inform that it has received Environmental Clearance (EC) from State Environment Impact Assessment Authority (SEIAA), Gujarat for its upcoming Synthetic Organic Chemicals Manufacturing site at Dahej, Village Jolve and Vadadala, District Bharuch, Gujarat.

This development marks a significant milestone in LOIL's scale-up journey and operational diversification, reaffirming its commitment to strengthening global competitiveness through innovation, regulatory readiness, and customer-centricity.

The state-of-the-art facility will house the best-in-class facilities for Essential & Speciality chemical products and will be equipped with requisite safety measures. With this new upcoming site, we plan to increase our capacities and capabilities through the addition of new products across our product portfolio.

Commenting on the same, Dr Rajan Venkatesh, Managing Director and CEO of Laxmi Organic, said, "We are excited to announce that our upcoming site at Dahej, Gujarat, has received the Environmental Clearance, which marks a significant stepping stone in the commissioning of the facility in line with our guided timeline. This project will offer our customers a wide range of product portfolio across Essentials and Specialities chemicals. Leveraging our robust track record, enduring customer relationships, ongoing R&D initiatives for product innovation and substantial room for expansion in Dahej, we are geared to embark on our next growth cycle."

Shares of Laxmi Organic Industries Limited was last trading in BSE at Rs. 174.05 as compared to the previous close of Rs. 175.35. The total number of shares traded during the day was 80295 in over 3018 trades.

The stock hit an intraday high of Rs. 177.30 and intraday low of 172.10. The net turnover during the day was Rs. 13961777.00.

Source : Equity Bulls

Keywords

LaxmiOrganicIndustries INE576O01020 SpecialtyChemicals EnvironmentalClearance SEIAA Gujarat Dahej ManufacturingSite