Laxmi Organic Industries has received approval for capital expenditure of Rs 710 crore for setting up a new manufacturing site at Dahej, Gujarat. The new manufacturing site is expected to come on stream around in 3 years. The company has proposed capacity addition of more than 100,000 tonnes per annum. The project will be funded through a mix of internal accruals, debt and equity. The Board of Directors of the Company, at the Special Strategy Meet held on July 29 and 30, 2023, have approved the same.
Laxmi Organic Industries is a leading manufacturer of acetyl intermediates and specialty intermediates and solvents catering to diverse end-market sectors like pharmaceuticals, agrochemicals, food packaging, pigments and coatings.
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