Rossari Biotech Limited subsidiary to expand Ethoxylation Capacity

The Board of Directors of Unitop Chemicals Private Limited, material subsidiary of Rossari Biotech Limited, at their meeting held on October 19, 2023, reviewed and discussed the opportunities for growth and capacity expansion.

The existing Ethoxylation Capacity is 36,000 MTPA running at 95% capacity utilization. The company proposes to add 30,000 MTPA at an outlay of ~Rs. 128 crores.

The new capacity is expected to come on stream in a phased manner by Q3 FY25. The project will be funded through a mix of internal accruals and debt.

The expanded capacity will cater to the growing demand for agrochemicals, home and personal care, oil & gas and pharma sectors, in the specialty chemical space.

Shares of Rossari Biotech Limited was last trading in BSE at Rs. 807.95 as compared to the previous close of Rs. 801.95. The total number of shares traded during the day was 2231 in over 283 trades.

The stock hit an intraday high of Rs. 814.65 and intraday low of 795.40. The net turnover during the day was Rs. 1793428.00.

Source : Equity Bulls

Keywords

RossariBiotech INE02A801020 EthoxylationCapacity Expansion