The Board of Directors at its meeting held today has approved the greenfield project for the manufacture of pigments at SIPCOT Industrial Estate, Manapparai, TN.
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The Board of Directors has approved a greenfield project to manufacture 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, which will be funded through a mix of internal accruals and term loans. The 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 is a significant capital expenditure announcement that signals the company's intent to expand its manufacturing footprint. The Rs 250 Crore investment represents a meaningful commitment, though shareholders should note the project is still in the approval stage and will take over two years to commission.