Project Update23 Jul 2026, 06:20 pm
Excel Industries Completes ₹40 Cr Specialty Chemicals Project
AI Summary
Excel Industries Ltd has announced the successful completion of its dedicated setup for contract manufacturing and supply of specialty chemicals. This project, with an estimated CAPEX of approximately ₹40 Cr, was initiated following a binding term sheet signed on November 12, 2025, with an Indian Specialty Chemicals Company. The facility is expected to generate an annual income of ₹35-40 Cr (net of raw material costs). The project's commissioning on July 23, 2026, marks an update on a previously disclosed material event, submitted in accordance with SEBI regulations.
Key Highlights
- Specialty chemicals project with ₹40 Cr CAPEX successfully commissioned.
- Expected annual income from contract manufacturing is ₹35-40 Cr.
- Project completion is an update on a prior material event disclosure.
- Facility caters to contract manufacturing and supply of specialty chemicals.
Price Impact
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