The first two phases of the Sadhana Nitro Chem’s newly constructed PAP plant was supposed to go live -- Phase-I in April 2021 and Phase-II in May 2021.
In continuation of the above-mentioned disclosure regarding the government Production Linked Incentive (PLI) Scheme, the High Court of Mumbai has ruled in favour of Sadhana Nitro Chem in the writ petition filed against Cibil Transunion.
As a result of the successful resolution of the writ petition, the company has received approval dated 12 May 2021 approving its application under PLI Scheme from IFCI, on behalf of the Department of Pharmaceuticals for production of Para Amino Phenol (PAP) and is under the segment key chemical synthesis based KSMs/drug intermediates.
Additionally, due to the pandemic situation, installation of the plant continues to be ongoing, and commercial launch date has been pushed ahead.
Phase-I of the plant is expected to go live in July 2021 and Phase-II in August 2021.