Brief: Meghmani Organics Expands 2,4-D Agrochemical Production Capacity At Dahej Facility

Meghmani Organics

28/05/2019 12:01

May 28 (Reuters) - Meghmani Organics Ltd  MEGH.NS :
    * INSTALLING ADDITIONAL CAPACITY TO MANUFACTURE 2,4-D
    * SETTING UP ADDITIONAL PRODUCTION FACILITY AT EXISTING AGRO
MANUFACTURING FACILITY IN VAGRA
    * TOTAL CAPACITY OF 2,4-D AFTER EXPANSION WILL BE 20,400 MT
PER
ANNUM
    * COST OF PROJECT WILL BE 1.27 BILLION RUPEES
    * PROJECT IS EXPECTED TO COMMENCE COMMERCIAL PRODUCTION BY
JUNE,
2020
    * PROJECT TO BE FUNDED FROM INTERNAL ACCRUALS, TERM LOAN;
WILL
CONTRIBUTE TURNOVER OF 2 BILLION RUPEES IN FULL YEAR OF
OPERATION

Source text: http://bit.ly/2K7QU32
Further company coverage:  MEGH.NS 

 ((Reuters.Briefs@thomsonreuters.com;))