Himadri Speciality Chemical Ltd approves brownfield expansion of new speciality carbon black line

The Board of directors of Himadri Speciality Chemical Ltd has approved brownfield expansion of a new speciality carbon black line of 70,000 MTPA (increasing the total speciality carbon black capacity to 130,000 MTPA) at an estimated capex of Rs 220 crores which is scheduled to be operational within 18 months.

The existing capacity is 60,000 MTPA of Speciality Carbon Black out of total Carbon Black capacity of 1,80,000 MTPA.

With this 70,000 MTPA of Speciality Carbon Black, the total Carbon Black capacity will stand increased to 2,50,000 MTPA (including Speciality Carbon Black of 1,30,000 MTPA).

The estimated capex will be funded through onternal accruals / borrowings from Banks.

Shares of Himadri Speciality Chemical Limited was last trading in BSE at Rs. 366.80 as compared to the previous close of Rs. 362.65. The total number of shares traded during the day was 43897 in over 1181 trades.

The stock hit an intraday high of Rs. 373.00 and intraday low of 363.00. The net turnover during the day was Rs. 16083219.00.

Source : Equity Bulls

Keywords

HimadriSpecialityChemical INE019C01026 HSCL SpecialtyChemicals BrownfieldExpansion NewSpecialityCarbonBlackLine