Project Update21 May 2026, 04:00 pm
Ultramarine & Pigments: ₹250 Cr Inorganic Pigment Project Approved
AI Summary
Ultramarine & Pigments Ltd has announced the approval of a greenfield project for the manufacture of inorganic pigments at SIPCOT Industrial Park, Manapparai, Tamil Nadu. The project, approved by the Board of Directors on May 20, 2026, will have a proposed capacity of 2500 MT and requires an investment of ₹250 Crores. Funding will be sourced through a mix of internal accruals and term loans. The capacity addition is planned in a phased manner over FY27-28 and FY28-29 to meet future demand.
Key Highlights
- Ultramarine & Pigments approves ₹250 Cr greenfield project for inorganic pigments.
- Project located at SIPCOT Industrial Park, Manapparai, Tamil Nadu.
- Proposed capacity of 2500 MT to be added in phases during FY27-29.
- Funding via internal accruals and term loans.
- Expansion aims to meet future demand for inorganic pigments.
Price Impact
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