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Ultramarine & Pigments plans to establish a Greenfield project at Dahej: Report

15 May 2013 Evaluate

Ultramarine & Pigments, a south based firm is reportedly planning to establish a Greenfield project at Dahej in Gujarat, with an investment of Rs 42 crore. With this initiative, the entity aims to manufacture specialty surfactants that find use in shampoos, toothpastes and liquid detergents. It aims to commence project operations within 2 years and will be funded by internal accruals as well as borrowings.

The entity has idle land bank of over 150 acres in Tamil Nadu, part of which could be monetized to repay the borrowings by the time the Dahej project commissions. The new capacity is expected to generate revenues of around Rs 250 crore annually. This is nearly 1.8 times its existing annual turnover.

Ultramar & Pigments Share Price

418.95 11.00 (2.70%)
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