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Meghmani Finechem planning to set up chlorotoluene facility at Dahej complex

12 Nov 2021 Evaluate

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.

Peers
Company Name CMP
Godrej Industries 1006.65
SRF 2494.25
BASF India 3400.35
Pidilite Inds. 1505.60
Tata Chemicals 629.25
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