Balaji Amines has announced commissioning of a greenfield project along with construction of two new plants.
The Phase-1 of 90-acre greenfield project (Unit IV) has been completed and the DMC/PC and PG Plant will be ready to commence commercial production by the end of September 2022.
This will result in annual production capacity of 15,000 tonne of Di-methyl Carbonate (DMC)/Propylene Carbonate (PC) and 15,000 tonne Propylene Glycol (PG).
In the first year of operations, the company is expected to achieve capacity utilization of 60-70 percent at the DMC/PC and PG plant.
The company has also started construction in Phase-2 of greenfield project (Unit-IV) for two plants. This includes Methyl Amine with a proposed 40,000 tpa and DMAHCL with a proposed capacity of 7,500 tpa.
The environmental clearance for the same has been received. The company expects to start operations at these state-of-the-art manufacturing facilities around the closure of FY23.
The capex for these plants will be around Rs 200 to 220 crore which will be funded entirely by internal accruals.