Vipul Organics Ltd constructs a new factory building at its Ambernath plant in Maharashtra

Vipul Organics Limited, the BSE listed (VIPULORG / 530627) leading Specialty Chemicals company in the pigments and dyes segment, announced the construction of its new factory building at Ambernath in Maharashtra. After obtaining environmental clearance and MIDC building plan approval, the new factory building with 27,000 sq feet built up area was constructed. The factory will begin production soon, as installation of machinery is in progress.

The Capex incurred for the new factory building at Ambernath is Rs.13 crores involving a mix of equity and debt. This included raising Rs. 5.5 Crore from Promoters by Preferential shares and Rs. 7.5 Cr debt from banks. This expansion will enhance the capacity for pigment preparations for Vipul Organics.

Vipul Organics Limited has a strong focus on backward and forward integration of intermediates, pigment powder and pigment dispersions. The new factory building will optimise this strategy and will lead to economies of scale and the benefits thereof.

Vipul Organics Limited's Ambernath facility was set up in 1998 and currently produces Naphthols, Pigment Powders, Pigment Dispersions, Reactive Dyes, Acid Dyes and Direct Dyes.

Shares of Vipul Organics Ltd was last trading in BSE at Rs. 175.70 as compared to the previous close of Rs. 175.40. The total number of shares traded during the day was 4885 in over 58 trades.

The stock hit an intraday high of Rs. 177.90 and intraday low of 171.05. The net turnover during the day was Rs. 855715.00.

Source : Equity Bulls

Keywords

VipulOrganics INE834D01018 SpecialtyChemicals NewFactoryBuilding AmbernathPlant