CorporateMeghmani Organics plans Rs 503-cr chemical complex
CHENNAI: Meghmani Organics Ltd has informed the BSE that it plans to set up a caustic chlorine complex in Dahej under SPV Meghmani Finechem Ltd at an estimated cost of Rs 503.16 crore through a proposed funding comprising Rs 344.18 crore debt and Rs 158. 98 crore equity/quasi equity that will be partly made by the company and promoters and partly by private equity and strategic investors.
The complex, when completed, will be used for production of caustic soda lye/flakes, chlorine gas and hydrogen gas in the first phase.
The proposed complex will utilise latest membrane cell technology from Asahi Kasel Chemicals Corporation of Japan. - Our Bureau
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