Announced Fri, 24 Jul · 14:31 IST
Atul Ltd approves Rs 167 cr capex for new herbicide capacity
Capex & Operations View source PDF
ATUL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹6145.00
prior close
₹6168.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.0+1.4+0.9+2.4+10.2—————————
Up moveDown movePending
AI summary
Atul Ltd board approved Rs 167 cr capex, funded entirely through internal accruals, to set up a new manufacturing facility for MCPP-p (1,000 tpa) and MCPA (750 tpa). Current capacity for these is nil, making this a fresh greenfield addition. The project will be completed in 67 weeks. The aim is to grow the phenoxy herbicides portfolio and produce value-added downstream products from o-Cresol and MCA.
Likely market impact
Diversifies product mix into phenoxy herbicides with no debt burden. Earnings contribution expected only after commissioning, likely from FY28 onwards.