Business Update17 Jun 2025, 06:27 pm
Lords Chloro Alkali Ltd. Approves Related Party Transaction and Capacity Expansion
AI Summary
Lords Chloro Alkali Ltd. held a Board meeting on 17th June 2025 and approved a related party transaction and a proposal for Chlorinated Paraffin Wax (CPW) expansion. The related party transaction involves a lease agreement with Cygnet Projects Pvt. Ltd. for residential and office use. The CPW expansion proposal aims to increase the production capacity from 50TPD to 100 TPD. The expansion is expected to be completed by the end of the current financial year (FY 2025-26) and will require an investment of approximately Rs. 30.00 Cr. The company plans to finance this through internal accruals and sanctioned credit lines.
Key Highlights
- Approval of related party transaction with Cygnet Projects Pvt. Ltd.
- Proposal for Chlorinated Paraffin Wax (CPW) capacity expansion from 50TPD to 100 TPD.
- Expansion project to be completed by the end of the current financial year (FY 2025-26).
- Approximate investment required of Rs. 30.00 Cr.
- Financing of the expansion through internal accruals and sanctioned credit lines.