We would like to state that the Company has undertaken Project for manufacture of Mass Acrylonitrile Butadiene Styrene (mABS) at Village Amdoshi-Wangani, District Raigad, Maharashtra (India), with two Lines of 70 KTA each, aggregating 140 KTA. Line I is scheduled to go on stream by June 2024 and Line II is planned for completion by March 2025. The Company has already entered into an agreement for License and Basic Engineering Design for Line I of 70 KTA with M/s Vesralis-Eni Chemicals Group, as already informed to the Stock Exchanges vide our communication dated 2/12/2021. The total project cost for both Lines shall be funded from the own funds of the Company.
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