Business Update17 Jun 2025, 06:32 pm
Lords Chloro Alkali Ltd Approves Lease Deed and Capacity Addition of Chlorinated Paraffin Wax
AI Summary
Lords Chloro Alkali Ltd has approved a related party transaction and capacity addition in its recent board meeting. The company entered into a lease agreement with Cygnet Projects Pvt. Ltd for residential and office purposes. The company also approved the proposal for Chlorinated Paraffin Wax (CPW) expansion from 50TPD to 100 TPD. The expansion is expected to be completed by the end of the current financial year (FY 2025-26) with an investment of approximately Rs. 30.00 Cr. The rationale behind this expansion is to enable greater economies of scale, improved fixed cost absorption, and enhanced product availability to meet increasing market demand.
Key Highlights
- Lords Chloro Alkali Ltd approved a related party transaction with Cygnet Projects Pvt. Ltd for a lease agreement.
- The company also approved the proposal for CPW expansion from 50TPD to 100 TPD.
- The expansion is expected to be completed by the end of the current financial year (FY 2025-26).
- The investment required for the expansion is approximately Rs. 30.00 Cr.
- The expansion will enable greater economies of scale and improved fixed cost absorption.