Indo Borax & Chemicals Limited has informed the Exchange about General Updates
INDOBORAX · price
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Indo Borax & Chemicals is launching a new high-value chemical product called Boron Oxide, targeted for July 2025 in the domestic market. The company will set up a new manufacturing facility at Pithampur, Indore (Madhya Pradesh), with a proposed capacity of 4,000 metric tonnes per annum, to be achieved in phases within a year. The estimated investment is Rs. 20 crore, to be funded entirely through internal accruals with no debt involved. Boron Oxide is used in refractories and will be produced using the company's existing Boric Acid as raw material, allowing it to leverage its existing customer base.
This is a small but debt-free capacity expansion into a higher-value chemical, offering modest revenue diversification potential for shareholders. Since it is funded internally and built on existing customer relationships, execution risk is lower, but the Rs. 20 crore size means limited immediate impact on the stock.