Business Update3 Nov 2023, 02:04 am
Tuticorin Alkali Chemicals and Fertilizers Ltd Approves Capacity Expansion
AI Summary
The company has approved the capacity expansion of Soda Ash and Ammonium Chloride production from 100000 MTPA to 225000 MTPA and 85000 MTPA to 210000 MTPA respectively. The expansion is expected to be completed by September 2025 and will be financed through a combination of borrowing and internal accruals. The company believes that the capacity expansion will benefit it due to the increasing demand for low-carbon footprint products and the company's proximity to the market and easy availability of raw materials.,
Key Highlights
- Capacity expansion of Soda Ash and Ammonium Chloride
- Increased production to meet growing demand
- Proximity to market and easy availability of raw materials
- Financing through a combination of borrowing and internal accruals