India’s Meghmani Organics Ltd has commenced commercial production at its two agrochemical plants on 25 November 2020.
The company has begun commercial production at Herbicide 2,4-D Acid (2,4-Dichlorophenoxyacetic acid) plant at GIDC, Dahej in Bharuch district of Gujarat.
The cost of setting up the Herbicide 2,4-D Acid with an annual capacity of 10,800 MTs is Rs 127 crore ($17.3 million). The company expects to achieve additional turnover of Rs 200 crore ($27.2 million) on full year of operation.
With this expansion the total production capacity of Herbicide 2,4-D Acid Plant is now 21600 TPA.
The company has also begun commercial production at formulation plant at GIDC Panoli in Bharuch district.
The cost of setting up the Agrochemical Formulation plant is Rs 25 crore ($3.4 million). The company expects to achieve additional turnover of Rs 150 crore ($20.4 million) on full year of operation.
Meghmani Organics is in the business of manufacturing of agrochemical and pigments. Its agrochemical manufacturing facilities are situated at GIDC Panoli, GIDC Ankleshwar and GIDC Dahej.