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Vipul Organics Ltd has shared a project update for its new greenfield facility at Sayakha, Gujarat, which will significantly expand the company's Pigment Powder production capacity. All major regulatory approvals are in place, including Environmental Clearance, Building Plan Approval, and resource commitments for input water and CEPT support. Construction is progressing rapidly — the RCC work for the Admin and QC building is complete, civil work for the plant building is 60% done, and the Effluent Treatment Plant construction has begun. The company targets completing Phase 1 civil construction by around August 2025, with the ETP and related infrastructure expected by October 2025. Management expects Phase 1 commercial production of pigment powder to begin in Q3 of FY 2025-26.
This capacity expansion could meaningfully boost future revenue and earnings once Phase 1 starts operating in late 2025 or early 2026, though near-term financial impact remains limited. Timely execution will be key for shareholder value, and the current on-track progress is a positive signal.