Kolkata-based Himadri Chemicals and Industries, has decided to expand its coal-tar distillation capacity to 10-lakh tonnes by March 2016. As per the plan it has set up a plant in China to tap the East-Asian markets, the Rs 1,100-crore. The entity aims to expand its product bouquet by introducing downstream products of coal-tar pitch in the niche category like carbazol, phenolex and fluorine.
The company is also looking at greenfield expansion in Odisha and brownfield expansion at existing unit in Hooghly for coal-tar distillation. The investment for this expansion will be around Rs 1,700 crore over the next two to three years.
