Rallis India Ltd to expand capacity of Pendimethalin Plant at Dahej SEZ unit

The Board of Directors of Rallis India Ltd at its meeting held today i.e. January 23, 2024 have, approved the proposal for capacity addition of the existing Pendimethalin Plant at Dahej SEZ unit.

The proposed capacity addition of ~2000 MT/Annum will require investment of ~Rs. 15 crore which will be financed through internal accruals. The existing capacity of ~5000 MT/Annum is running at 90% capacity utilization.

The expansion is expected to be completed in a phased manner by FY 25. The expanded capacity will help to meet the sales demand for international as well as domestic market.

Shares of Rallis India Limited was last trading in BSE at Rs. 253.05 as compared to the previous close of Rs. 261.95. The total number of shares traded during the day was 99526 in over 3175 trades.

The stock hit an intraday high of Rs. 266.70 and intraday low of 250.75. The net turnover during the day was Rs. 25908452.00.

Source : Equity Bulls

Keywords

RallisIndia 3INE613A01020 Expansion CapacityAddition PendimethalinPlant DahejSEZ