MoneyWorks4Me

Neogen Chemicals gets nod for capex of Rs 150 crore at Dahej SEZ plant

16 May 2022 Evaluate

Neogen Chemicals has received approval for estimated capital expenditure (capex) of upto Rs 150 crore at Dahej SEZ Plant for expanding manufacturing capacity of specialty organic chemicals by 60,000 litres, increasing the capacity for manufacturing inorganic salts from 1200 MT to 2400 MT in existing Inorganic MPP, setting up new capacity in existing Inorganic MPP for 400 MTPA for manufacturing Specialty Lithium Salts and additives for Electrolyte and for Dahej site development. The Board of Directors at its meeting held on May 14, 2022 considered and approved the same.

Neogen Chemicals is one of India’s leading manufacturers of bromine-based, and lithium-based, specialty chemicals.

Peers
Company Name CMP
Godrej Industries 1073.40
SRF 2490.00
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