Punjab Chemicals & Crop Protection, a Rs 2,000 crore chemical company, has lined up a capex plan of Rs 60 crore.
The company has announced three exclusive MoUs with international clients to develop high-value agrochemical products and intermediates, which it plans to commercialise over the next 12–18 months. To support anticipated demand and new product lines for Japanese and European markets, the company has earmarked Rs the outlay for constructing two new manufacturing blocks at its existing facility
In its statement, the firm highlighted, “These strategic initiatives will unfold over the next two years, which will significantly bolster the company's topline.” The new segment is targeted to scale up to Rs 150 crore in revenue over the next two to three years.