MEGHMANI ORGANICS LTD. - Meghmani Finechem Ltd (MFL) subsidiary of Meghmani Organics Ltd (MOL) plans to set up Caustic Potash Plant at GIDC Dahej

Meghmani Organics Ltd has informed BSE that Meghmani Finechem Limited (MFL) Subsidiary of Meghmani Organics Limited (MOL) Plans to set up Caustic Potash plant of 60 Mt. Per day at its existing manufacturing facility situated at Plot No. CH1 ,CH2, GIDC Dahej, Bharuch. The Cost of the project is estimated at Rs. 65 Crores. The Project is to commence commercial production by September, 2015.<br/><br/>MFL will earn revenue of Rs. 130 Crore and Profit before Tax of Rs. 17 Crore, in full financial operation of financial year 2016-17.<br/><br/>In this regard, the Company has submitted a copy of Press Release titled "Meghmani Finechem Ltd (MFL) subsidiary of Meghmani Organics Ltd (MOL) plans to set up Caustic Potash Plant at GIDC Dahej".