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Meghmani Finechem plans Rs 400 cr investment in new and existing projects

Wednesday, 19 Apr 2017
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Chemicals manufacturing company, Meghmani Finechem (MFL) is planning to make an investment of Rs 400 crore in a new project and in expansion of existing projects.

The company is planning to set up a hydrogen peroxide (50 percent) project of 15 tonne per day at its facility in Dahej. Hydrogen Peroxide will be the new product in the company’s product line

It intends to raise the production capacity of caustic by 50 percent by using Zero Gap Membrane Cell Technology.

The company is also planning to increase its captive power plant capacity from 60 MW to 90 MW.

It plans to meet the funding for the proposed projects through internal accruals and will commission the plant by 30 June, 2019. Following the commissioning of the project, the company expects to increase its turnover to Rs 300 crore in FY 2021.

 

 
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