Vinati Organics Limited to expand ATBS capacity to 60000 MT

Given the strong demand outlook of ATBS, Vinati Organics Limited will be expanding ATBS capacity from 40000 MT to 60000 MT. This would entail a capex of Rs. 300 crs which will be funded by internal accruals and is expected to get commissioned by December 2023.

The capital expenditure in Veeral Organics Private Limited (fully owned subsidiary of Vinati Organics Limited) is under progress. The total capex is approximately Rs. 280 crs and the products include 2000 MT of MEHQ & Guaiacol and 30000 MT of Iso Amylene. These products are used in polymerization inhibitors, flavours, fragrances, pharmaceuticals and pesticides. The commissioning is expected by September 2023.

Shares of Vinati Organics Limited was last trading in BSE at Rs. 1778.50 as compared to the previous close of Rs. 1834.20. The total number of shares traded during the day was 10451 in over 1878 trades.

The stock hit an intraday high of Rs. 1834.20 and intraday low of 1771.05. The net turnover during the day was Rs. 18876138.00.

Source : Equity Bulls

Keywords

VinatiOrganics INE410B01037 ATBS CapacityExpansion InternalAccruals