Business Update29 Oct 2024, 07:28 pm
ATUL LTD. Increases Liquid Epoxy Resin Capacity by 50,000 tpa
AI Summary
ATUL LTD. has completed an increase in the capacity of Liquid Epoxy Resin. The existing capacity was 130,000 tpa with a utilization of 99%. The company has added a new capacity of 50,000 tpa, bringing the total capacity to 180,000 tpa. This increase will be effective from October 25, 2024. The investment required for this expansion is approximately ₹200 crore, excluding a working capital of ₹165 crore. The company plans to finance this expansion through internal accruals. The rationale behind this expansion is to meet the requirements of the business.
Key Highlights
- ATUL LTD. increases Liquid Epoxy Resin capacity by 50,000 tpa
- Existing capacity was 130,000 tpa with a utilization of 99%
- Total capacity will be 180,000 tpa after the expansion
- Expansion will be effective from October 25, 2024
- ₹200 crore investment required for the expansion