Tanfac Industries Limited commissions expanded capacity of Hydrofluoric Acid capacity

Tanfac Industries Limited had earlier announced about the brownfield expansion of the Hydrofluoric Acid capacity in its existing unit from 14,850 MT to 29,700 MT to be implemented in 15 to 18 months from the date of announcement.

The Company has completed the expansion project and commissioned the expanded capacity on 7th October 2024.

Speaking on the occasion, K. Sendhil Naathan, Managing Director of Tanfac Industries, said, "We are excited to announce that we have completed the expansion project at the cost of around ₹ 100 crores and commissioned the new State of the art HF plant as planned. With this TANFAC site has become one of the largest HF plants in India. The company intends to use majority of HF to manufacture high-end specialty fluoride molecules within our group companies. This expansion will sustain our growth trajectory going forward."

Shares of TANFAC INDUSTRIES LTD. was last trading in BSE at Rs. 1973.60 as compared to the previous close of Rs. 1986.45. The total number of shares traded during the day was 9911 in over 827 trades.

The stock hit an intraday high of Rs. 2100.00 and intraday low of 1954.95. The net turnover during the day was Rs. 20087592.00.

Source : Equity Bulls

Keywords

TANFACINDUSTRIES INE639B01015 ExpandedCapacity HydrofluoricAcid