Atul Ltd Approves Capital Expenditure for New Phenoxy Herbicide Manufacturing Facility
Atul Ltd has approved a capital expenditure proposal aimed at establishing a new manufacturing facility for Mecoprop-p (MCPP-p) and 2-methyl4-chlorophenoxyacetic acid (MCPA). The expansion is set to strengthen the company's position within the Phenoxy herbicides market and boost production of value added downstream products.The approved project involves adding capacity in two key areas: MCPP-p and MCPA. The proposed capacities are 1,000 tonnes per annum (tpa) for MCPP-p and 750 tpa for MCPA.
Key details regarding the capital expenditure include:
| Metric | Detail |
|---|---|
| Proposed Capacity Addition | MCPP-p at 1,000 tpa and MCPA at 750 tpa |
| Investment Required | ₹ 167 crore (excluding working capital and goods and service tax) |
| Financing Mode | Internal accruals |
| Period within Capacity | 67 weeks |
The decision was made to expand the product portfolio and solidify Atul’s standing in the Phenoxy herbicides segment. The initiative also supports the production of value added downstream products derived from o-Cresol and MCA.
The facility expansion represents a strategic move by Atul Ltd to enhance its manufacturing capabilities within the specialty chemical sector.
ATUL Stock Price Movement
Shares of Atul Limited are surging as of 3:04 PM today, rallying a remarkable 15.01% in live trading to reach ₹7050.The stock exhibits brisk activity, with a recorded traded volume of 1,500 shares amid the current market phase.
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