MEGHMANI ORGANICS LTD. - Meghmani Finechem Limited - Subsidiary - commences commercial production of Caustic Potash (KOH) at GIDC Dahej

Meghmani Organics Ltd has informed BSE that Meghmani Finechem Limited (MFL) a subsidiary of Meghmani Organics Limited (MOL) has commenced commercial production of Caustic Potash-Flake (KOH) of 60 Mt per day on April 21, 2016 at its existing manufacturing facility situated at Plot No. CH 1- CH2, GIDC Dahej, Bharuch.<BR><BR>MFL has successfully commissioned the KOH project within the estimated project cost of Rs. 65 Crores. The cost of the project has been funded from internal accrual.<BR><BR>As a result in full year of operation of FY 2016-17 MFL will earn additional revenue of about Rs. 125 Crore and Profit before Tax (PBT) of Rs. 20 Crores.<BR><BR>The detailed press release in this regard is enclosed.