Alkyl Amines Chemicals Ltd approves investment for capacity enhancement of Aliphatic Amines

The Board of Directors of Alkyl Amines Chemicals Ltd has approved the investments for enhancement of capacity for Aliphatic Amines at Kurkumbh and Patalganga sites in Maharashtra. The company has established a leading position in domestic market and a presence in international market with a reputation for reliable service and quality products. With the growing demand for company's products, the company has approved additional Capacities of approx. 30-40% in Aliphatic Amines depending on mix.

The current capacity is of 80,000-90,000 MTs per annum of various Aliphatic Amines and existing capacity utilization is currently 80% to 90%.

The proposed capacity is expected to be added between 15 months to 20 months and the investment of Rs. 300 to Rs. 350 crores approximately will be financed through internal accruals.

Shares of ALKYL AMINES CHEMICALS LTD. was last trading in BSE at Rs.4959.85 as compared to the previous close of Rs. 4796.05. The total number of shares traded during the day was 6336 in over 2003 trades.

The stock hit an intraday high of Rs. 4985 and intraday low of 4805.7. The net turnover during the day was Rs. 30942963.

Source : Equity Bulls

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