The share of this leading manufacturer of specialty chemicals gained up to 8.19 percent after the company announced the commencement of construction of its new Plant at Sayakha, Gujarat.
With a market capitalization of Rs 204.99 crores, Vipul Organics Ltd., On Monday, the company shares closed at Rs 160.00 apiece, an increase of 3.66 percent from the previous close price.
According to the company filing, Vipul Organics Ltd announced the commencement of construction of its new Plant at Sayakha, Gujarat, The project has already received environmental clearance, and the necessary approvals and permissions for the plant’s manufacturing are being processed.
In addition to the previously mentioned paragraph, the new plant will have 25,000 square meters of total space and be state-of-the-art with the newest equipment and technology. When the plant is finished, it will produce high-performance colors as well as pigments and pigment intermediaries. Strong Backward and Forward Integration will arise from this.
Furthermore, Vipul Organics will have one of the greatest manufacturing capacities for pigments and colorants in the world—aside from China—with the new facility. This is in addition to the fact that it is the largest facility in India.
Vipul Organics has concentrated on cost reduction and product portfolio value addition over the past two years. A significant step in the right direction is the Sayakha Plant.
Looking into the company’s performance, Vipul Organics Ltd’s revenue decreased by 0.6 percent from Rs 36.76 Crore in Q2FY23 to Rs 36.26 Crore in Q2FY24. During the same period, net profit increased by 138 percent from Rs 0.42 crore to Rs 1 crore.
Having over 50 years of experience in this field and three manufacturing facilities, Vipul Organics Ltd is present all over the world.
Vipul Organics Ltd. produces and sells organic dyes, organic pigments, and organic intermediates.
Written by:- Abhishek Singh
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