Corporate News     09-Sep-19
Meghmani Finechem to foray into manufacturing of Epichlorohydrin
Meghmani Finechem has decided to set up project of Epichlorohydrin, capacity 50,000 tonnes per annum which will be based on TechnipFMC's EPICEROL® technology.

Epicerol® technology is based on glycerine as feed stock which is obtained from 100% renewable resources. This proven technology is of great interest to downstream users who are concerned about a cost-effective production route whilst taking advantage of an abundant renewable feedstock to reduce their carbon footprint. Project will be set at Chlor Alkali and Derivatives Complex, Dahej.

The project will be setup with Capex of around Rs. 275 crore and is expected to generate revenue of approximately Rs.460 crore per annum at optimum operating rate. This move is a step forward in the strategy of integration and value addition. Meghmani from June 2021 (Q2), will meet the growing demand of ECH in domestic market from their Dahej plant. The company has already moved forward in growth oriented directions since last five years and have already setup plants of Caustic Potash and Chloromethanes, further project in advance stage is manufacturing of Hydrogen Peroxide which is likely to go on stream in current financial year 2019-20.

Meghmani Finechem will be the first to manufacture Epichlorohydrin in India. Currently, this product is imported entirely for the domestic consumption.

The plant will be set to serve the rapidly growing Epichlorohydrin market in India. Epichlorohydrin is an essential feedstock for the production of epoxy resins, which is increasingly used in various applications including corrosion protection coatings in Industrial, automotive, packaging. Beside protective coatings, Epoxy resin is used in Composites which has major application in Aerospace, Wind mill and automotive Industries. it is also used in adhesive, elastomers, paper and textile industry as sizing agents and other specialty uses.

Previous News
  Epigral consolidated net profit rises 0.72% in the March 2024 quarter
 ( Results - Announcements 22-Apr-24   16:55 )
  Epigral edges higher after commissioning 45,000 TPA CPVC resin capacity at Dahej
 ( Hot Pursuit - 03-Apr-24   13:09 )
  Meghmani Finechem fixes record date for interim dividend
 ( Market Beat - Reports 19-Jan-23   14:09 )
  Meghmani Finechem consolidated net profit rises 191.64% in the June 2022 quarter
 ( Results - Announcements 21-Jul-22   16:34 )
  Epigral jumps after Q4 PAT rises 57% QoQ to Rs 77 cr
 ( Hot Pursuit - 22-Apr-24   15:34 )
  Meghmani Finechem Ltd leads gainers in 'A' group
 ( Hot Pursuit - 16-Jun-23   12:00 )
  Board of Meghmani Finechem approves capacity expansion of CPVC Resin
 ( Corporate News - 19-Jan-23   14:12 )
  Epigral consolidated net profit declines 58.50% in the September 2023 quarter
 ( Results - Announcements 06-Nov-23   17:40 )
  Meghmani Finechem consolidated net profit rises 10.71% in the December 2022 quarter
 ( Results - Announcements 19-Jan-23   14:45 )
  Epigral consolidated net profit declines 36.42% in the December 2023 quarter
 ( Results - Announcements 24-Jan-24   13:00 )
  Meghmani Finechem receives upgrade in LT credit ratings
 ( Corporate News - 02-Dec-21   16:49 )
Other Stories
  Gujarat Toolroom to conduct EGM
  08-Jul-24   19:53
  Macro Intl. to conduct AGM
  08-Jul-24   19:52
  Ecoboard Industries schedules AGM
  08-Jul-24   19:52
  Eraaya Lifespaces schedules EGM
  08-Jul-24   19:52
  Binny to convene EGM
  08-Jul-24   19:52
  ICRA upgrades long term rating on bank facilities of Keystone Realtors
  08-Jul-24   19:17
  Sadbhav Engineering schedules EGM
  08-Jul-24   19:08
  Board of Va Tech Wabag approves divestment of Wabag Romania
  08-Jul-24   19:08
  Global Capital Markets to announce Quarterly Result
  08-Jul-24   19:07
  Motherson Sumi Wiring India schedules board meeting
  08-Jul-24   19:07
Back Top