Stock Report

Vipul Organics Limited commences construction at Sayakha in Gujarat

Posted On : 2024-06-19 20:54:28( TIMEZONE : IST )

Vipul Organics Limited, the BSE listed (VIPULORG / 530627) leading Specialty Chemicals company in the pigments and dyes segment, announced the commencement of construction of its facility at Sayakha in Gujarat. Situated in Gujarat's Petroleum, Chemicals and Petrochemicals Investments Region (PCPIR), the facility will have cutting edge production facilities in a very strategically located area.

It may be noted that Vipul Organics had acquired an industrial plot of 24,633.11 sq meters at Sayakha from Gujarat Industrial Development Corporation (GIDC). The GIDC has now approved the building plan totalling 22,209 sq meters. Vipul Organics commenced the construction activity after receiving the approvals. The environmental clearance for the project has already been received.

The Sayakha facility which is coming up in the chemical hub of Gujarat, will be a critical asset for Vipul Organics and will firmly establish it as one of the leading producers of dyes and pigments & pigments intermediaries in the world. The facility will strengthen the manufacturing capabilities of the company and optimize operational efficiencies.

Vipul Organics' Sayakha facility will have the additional advantage of the being located on the Delhi-Mumbai Industrial Corridor and the proposed Dedicated Freight Corridor (DFC). Alongside the impressive road and railway connectivity, it is right next to Dahej Port, which is strategically located on international maritime routes. This will help Vipul Organics to effectively reach out to its domestic and global customers as well.

Shares of Vipul Organics Ltd was last trading in BSE at Rs. 177.20 as compared to the previous close of Rs. 170.85. The total number of shares traded during the day was 131109 in over 647 trades.

The stock hit an intraday high of Rs. 184.75 and intraday low of 172.35. The net turnover during the day was Rs. 23421460.00.