Meghmani Finechem (MFL) has unveiled its expansion plans to set up a chlorotoluene and its value chain facility at its existing Dahej complex in Gujarat at a cost of Rs 180 crore, which is likely to be commissioned by 2023-24 fiscal.
MFL also plans to set up a world-class research and development (R&D) centre, which will help the company identify new molecules in the chlorotoluene ecosystem and further strengthen the fully integrated facility.
This investment in the R&D centre will be the foundation for the next phase of growth of the speciality chemicals market. The facility will be set up at Changodar, Ahmedabad.
