Project Update20 May 2026, 04:25 pm
Ultramarine & Pigments: ₹250 Cr Pigment Project Approved
AI Summary
The Board of Directors of Ultramarine & Pigments Ltd has approved a greenfield project for manufacturing inorganic pigments at SIPCOT Industrial Park, Manapparai, Tiruchirappalli, Tamil Nadu. The project proposes a capacity of 2500 MT with an investment of ₹250 Crores. Funding will be a mix of internal accruals and term loans. The capacity addition will be phased over FY27-28 and FY28-29 to meet future demand.
Key Highlights
- Ultramarine & Pigments approves ₹250 Cr greenfield pigment project.
- Project capacity: 2500 MT of inorganic pigments.
- Funding via internal accruals and term loans.
- Capacity addition phased over FY27-28 and FY28-29.
Price Impact
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