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Elantas Beck India Ltd gets environmental clearance for expansion project

Posted On: 2018-08-16 15:12:15

On 14.08.2018, Elantas Beck India Ltd noticed uploading on the website of an Order No.SEIAA/GUJ/EC/5(f)/795/2018 dated 31.07.2018, issued by the State Level Environment Impact Assessment Authority, Gujarat (SEIAA) according Environmental Clearance to the Company for setting up of expansion in Synthetic Organic Chemicals manufacturing plant at Plot No. 1 & 122, GIDC, Ankleshwar, Dist. Bharuch, Gujarat.

The broad details of the expansion are as under:

Existing Capacity - 21353 MT
Existing Capacity utilisation - over 90%
Proposed capacity addition - 48763 MT
Period within which the proposed capacity is to be added: Within the period granted by SEIAA, subject to obtaining the consent to establish.

Investment Required - Rs. 412 Cr. (approx)
Mode of Financing - Internal Accruals + Other finances, if required at the time of project execution
Rationale - Creation of additional capacities to cater to market demand

Further regulatory approvals will be required and are awaited for this expansion.

Shares of ELANTAS BECK INDIA LTD. was last trading in BSE at Rs.1975 as compared to the previous close of Rs. 1980.3. The total number of shares traded during the day was 1384 in over 169 trades.

The stock hit an intraday high of Rs. 2019 and intraday low of 1975. The net turnover during the day was Rs. 2781598.


Source: Equity Bulls

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