Meghmani Organics Limited commissioned the first phase of a Titanium Dioxide (TiO2) plant at Dahej, Gujarat with an installed capacity of 16,500 metric tonnes per annum (MTPA).
Meghmani had acquired Kilburn Chemicals Limited for ₹ 132 crore in December 2021. Post which the company incurred total capex of Rs.275 crore including the acquisition cost and commissioned the first phase in January 2023.
This adds to Meghmani’s product portfolio in pigments, and is an entry into higher margin accretive product category. Currently, around 70% of TiO2 is being imported in India.
Under Phase II of expansion, the company plans to double its capacity to 33,000 MTPA alongwith Captive Power Plant at a capex of Rs.375 crore which is expected to commission by Q3FY24.