Bhansali Engineering Polymers Ltd updates on ABS production capacity expansion

The Board of Directors of Bhansali Engineering Polymers Limited at its meeting held today has updated the Board members on the proposed enhancement of ABS production capacity from 75000 TPA to 200000 TPA at Company's existing plants at Abu Road (Rajasthan) and Satnoor (Madhya Pradesh) and were informed that TOYO's report (on Front End Engineering Design (FEED) and CAPEX Cost Estimation) was expected in June 2024 but the same is taking more time as compared to the original timelines, mainly due to required multiple interactions with International suppliers to select the most advanced machinery for vital Process Sub-systems such as Slurry Filtration system, Powder Drying system, Strand pelletising system etc.

The FEED package with realistic project cost is now expected from TOYO by the end of September 2024. Inspite of this timings, the Management shall endeavour to implement the project as per original schedule i.e. by March 2026.

Shares of Bhansali Engineering Polymers Limited was last trading in BSE at Rs. 143.60 as compared to the previous close of Rs. 150.40. The total number of shares traded during the day was 76162 in over 1533 trades.

The stock hit an intraday high of Rs. 153.30 and intraday low of 142.90. The net turnover during the day was Rs. 11221116.00.

Source : Equity Bulls

Keywords

BhansaliEngineeringPolymers INE922A01025 BEPL ABS ProductionCapacityExpansion Update