TANFAC Industries Ltd gets TNPCB consent for expansion of Hydrofluoric Acid Plant at Cuddalore

TANFAC Industries Limited has received the necessary Consent to Establish from the Tamil Nadu Pollution Control Board for the proposed expansion of the capacity of Hydrofluoric Acid Plant at Cuddalore by 14,850 MT at an estimated project cost of Rs.100 crores. This will help the Company to complete the proposed expansion plan within the scheduled implementation timeline of 15 to 18 months.

Speaking about the receipt of getting the Consent to Establish, K. Sendhil Naathan, Managing Director of Tanfac Industries, said, "This is one of the important milestones in our ambitious growth plan and we are delighted on getting the Consent to Establish from the Tamil Nadu Pollution Control Board and are thankful to the Tamil Nadu Pollution Control Board for quickly granting the consent in short time. This will help us to complete the expansion plan go on stream as scheduled within 15 to 18 months."

Shares of TANFAC INDUSTRIES LTD. was last trading in BSE at Rs. 1855.80 as compared to the previous close of Rs. 1899.60. The total number of shares traded during the day was 23211 in over 1673 trades.

The stock hit an intraday high of Rs. 1958.00 and intraday low of 1804.65. The net turnover during the day was Rs. 43215136.00.

Source : Equity Bulls

Keywords

TANFACINDUSTRIES INE639B01015 TNPCB Approval CapacityExpansion HydrofluoricAcid Cuddalore