The company said that the financial numbers during the 2nd quarter were impacted due to Covid pandemic.

Apart from the capex of Rs 150 crore for manufacturing four new specialty chemicals and for expanding the present capacity of the PTBBA plant, board has approved additional capex of Rs 60 crore for new products and expansion. Expected revenue from the total capex is approximately 300 crore.

Vinati Organics is engaged in the manufacture of organic and inorganic chemical compounds nitrogenous energetic compounds (NEC).