The specialty chemicals company said that it is the company's step towards green energy and reducing carbon footprint.
Meghmani Organics is amongst the leading diversified chemicals company with a presence in the pigments and agrochemicals business.
The company's net profit slumped 57.9% to Rs 45.08 crore on 30.6% decline in net sales to Rs 564.63 crore in Q4 FY23 over Q4 FY22.
The scrip rose 0.39% to currently trade at Rs 1,120.50 on the BSE.