Manali Petrochemicals to invest in three fold expansion of polyols capacity

21-May-15

Manali Petrochemicals Ltd (MPL) plans to invest around Rs 100 crore to raise its polyols manufacturing capacity three-fold. Over a period of five years, capacity will be raised from 150,000 tpa from the existing 50,000 tpa, as per Business Standard. MPL has received necessary approvals for taking up the expansion. The company plans to add 25,000 mt capacity every fiscal, with the Phase-I expansion to be completed by March 2016. Capacity augmentation at each leg would result in an incremental turnover of INR 280-300 crore to the company. The capacity addition would allow MPL produce cost-effective propylene oxide (PO) used in the manufacture of polyurethane foams (PU).