Meghmani Organics is planning to enter into new and lucrative variant of White Pigment Titanium Dioxide (TiO2). The Company will set up 33,000 metric tons production facility at a total capex of Rs 400 crore at Dahej, the chemical hub of Gujarat.
Titanium Dioxide (TiO2) has application as a bright white pigment in various industries including Paint, Coating, Plastic, Ink, Dyes, Paper and Cosmetics etc. The aforesaid project is expected to be commissioned by Q1FY24 adding Rs 700 crore to company’s topline on a full financial year basis. India’s annual demand for Titanium Dioxide (TiO2) is pegged at 2,50,000 MTPA growing at 4.2% CAGR. India imports 80% of the Titanium Dioxide (TiO2) demand. India’s Titanium Dioxide (TiO2) production capacity stands at 81,000 MTPA.
Meghmani Organics is into the manufacture of Pigments and Agrochemicals in India and have a focus on delivering quality products backed by Research and Development efforts.
