Bhansali Engineering Polymers Ltd receives Environment Clearance for expansion project

Bhansali Engineering Polymers Limited ("Company") has received, under the provisions of the EIA Notification 2006, Environmental Clearance from the State Level Environment Impact Assessment Authority, Rajasthan (Ministry of Environment, Forest and Climate Change, Government of India) for Expansion of ABS (Acrylonitrile Butadiene Styrene) Resin upto 200000 TPA and saleable SAN (Styrene Acrylonitrile) Resin upto 25000 TPA (Total 225000 TPA) for Company's plant located at Plot No. SP 138-143, Ambaji Industrial Area, Abu Road, District-Sirohi, Rajasthan, vide ref. no. Fl(4)/ SEIAA/ SEAC-Raj/ Sectt/ Projects/Cat.Bl.5(f) 8a (23677)/ 2023-24 dated 09 January 2024, issued on 10th January, 2024.

Since the Company is already in receipt of Environmental Clearance for 50000 TPA HRG (High Rubber Graft) at Satnoor plant, the Company now has all the Environmental Clearance / approvals in place to achieve overall 225000 TPA capacity.

Though the Environmental Clearance is for expansion of ABS Resins upto 200000 TPA and saleable SAN Resin upto 25000 TPA, the Company at present, plans to expand ABS & SAN capacity upto 145000 TPA, to be completed latest by March 2026.

The said clearance is subject to compliance of terms and conditions as mentioned in the letter.

Shares of Bhansali Engineering Polymers Limited was last trading in BSE at Rs. 111.25 as compared to the previous close of Rs. 111.75. The total number of shares traded during the day was 57149 in over 818 trades.

The stock hit an intraday high of Rs. 113.60 and intraday low of 109.95. The net turnover during the day was Rs. 6399769.00.

Source : Equity Bulls

Keywords

BhansaliEngineeringPolymers INE922A01025 BEPL SpecialtyChemicals EnvironmentClearance