Agro food & Marine Industries

Aksharchem (India) is planning an organic pigments manufacturing unit at Village Indrad, dist. Mehsana, Gujarat. The capital expenditure planned for the project is Rs. 850 million. The Board of Directors, at its meeting held on 23rd January, 2017, had approved the capital expenditure in the project. The project will entail 1) CPC green: Addition to the existing capacity will be in two phases. Phase-I will entail (brownfield) expansion of 480 TPA & phase-II will entail (greenfield) expansion of 1,800 TPA. 2) The company has also decided for backward integration to produce the major raw material CPC blue crude which is used in the manufacture of CPC green. After the commissioning of the CPC blue crude plant, the company`s requirement of CPC blue crude for the manufacturing of CPC green will be largely met in-house. The project is in planning stage. To execute the capex plan, the company has estimated a time period of 12-18 months from the disclosure note. [Info as of: Feb. `17]

India \ Gujarat