The Board of Directors at its meeting held on 20th May, 2026 has approved the greenfield project for manufacture of inorganic pigments at SIPCOT industrial park, Manapparai, TN.
ULTRAMAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Ultramarine & Pigments Ltd approved a greenfield project on 20th May, 2026 for manufacturing inorganic pigments at SIPCOT Industrial Park, Manapparai, Tiruchirappalli, Tamil Nadu. The project involves setting up a proposed capacity of 2,500 MT. The total investment required is Rs. 250 Crores, to be funded through a mix of internal accruals and term loan. Capacity will be added in a phased manner over FY 27-28 and FY 28-29. The rationale stated is capacity expansion to meet future demand.
This represents a significant capital expansion initiative that could drive future revenue growth. The Rs. 250 Crores investment is material relative to the company's size and will increase inorganic pigment production capacity substantially. Shareholders should monitor execution and funding details.