Vipul Organics receives environmental clearance for expansion from 10 MT to 508 MT at Ambernath facility

Vipul Organics Limited, the BSE listed leading specialty chemicals company in the pigments and dyes segment, has on Tuesday announced the receipt of environmental clearance for proposed expansion of synthetic organic pigments and dye stuffs, pigment dispersion, naphthols, fast salts and vat dyes manufacturing at their existing Ambernath facility.

Granted by the Ministry of Environment, Forest and Climate Change of the Government of India, and issued by the State Environment Impact Assessment Authority (SEIAA) of Maharashtra, the company said that the clearance will help it increase its total production capacity from the existing 10 MT/M to 508 MT/M at Ambernath. 

In the first phase the company intends to expand its capacity to 250 MT/M. The cost of this expansion will be through a mix of internal accruals and external borrowings. The company has already raised Rs 5 crore from the promoters through issue of warrants.

Talking about the development, Vipul P Shah, Managing Director of the company, said, “We are firmly committed to becoming the preferred provider of colourant to all segments of the industry. Our increased capacity at Ambernath is a testimony to the seriousness of our endeavours. With the expansion, the facility will become the single largest pigment producer in the country”.

Vipul Organics provides total colouring solutions to paint, printing ink, plastics and masterbatches, textiles, rubber and latex, agriculture, leather, dietary supplements and pharmaceuticals, food beverages and confectionaries industries.