Bhansali Engineering Polymers Ltd to expand capacity of ABS to 2 TPA

The Board of Bhansali Engineering Polymers Limited took note of the proposed enhancement of production Capacity of ABS from 75000 TPA to 200000 TPA (earlier 145000 TPA) at Company's existing plants at Abu Road (Rajasthan) and Satnoor (Madhya Pradesh ) and appointment of Toyo Engineering India Private Limited ('TOYO') as Engineering Con sultant for Front End Engineering Design (FEED) and Capex Estimation. Post appointment of TOYO, entire project fundamentals (viz. technical feasibility, space constraints, cost effective equipment sizing, actual site conditions, sectional capa city balancing etc.) were reviewed / re-visited in totality. After detailed analysis it was concluded that overall ABS capacity of 200000 TPA can be achieved at the existing plants and will be a better option as compared to the earlier proposal of 145000 TPA, especially in light of the development that Environment clearance for 200000 TPA is now received. Moreover, increase in the capacity from 145000 to 200000 TPA would hardly require any additional engineering efforts from TOYO. The realistic project cost for 200000 TPA ABS capacity will be arrived based on TOYO's report (expected in June 2024). The expansion will be funded through internal accruals and likely to be implemented by March, 2026.

Shares of Bhansali Engineering Polymers Limited was last trading in BSE at Rs. 104.02 as compared to the previous close of Rs. 101.62. The total number of shares traded during the day was 246687 in over 2530 trades.

The stock hit an intraday high of Rs. 104.54 and intraday low of 99.30. The net turnover during the day was Rs. 25273889.00.

Source : Equity Bulls

Keywords

BhansaliEngineeringPolymers INE922A01025 BEPL CapacityEnhancement ABS 200000TPA