20 Microns is mulling its expansion plan and the company has taken up expanding manufacturing capacities, upgrading existing manufacturing facilities and infrastructure at an approximate cost of Rs 88 crore.
The company will increase its manufacturing capacities at its various locations and plants for the products like Calcined Clay, Hydrous Clay, Calcium Carbonate (both Coated and Un-Coated) and other Speciality Chemicals.
Further, the company shall increase its manufacturing capacity by 61,800 MT per annum which constitutes about 28% of the existing capacity and after the projects is completed installed capacity shall be 279,200 MT per annum. After completion, the company shall have additional turnover of approximately Rs 113 crore and EBIDTA by 22.5%.
The leading financial institutions SBI and IDBI have approved and sanctioned Term Loan of Rs 54 crore and required additional working capital. The company has planned financing balance amount through Quasi Equity and Internal accruals.
20 Microns is India's largest producer of Micronised White Minerals offering Innovative products in the fields of Functional Fillers, Extenders and Speciality Chemicals for Paints, Plastics and Paper Industries.
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GMDC | 326.20 |
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