Meghmani Finechem Material Subsidiary Of Meghmani Organics Commences Commercial Production Of Chlormethane Project In Gujarat
Meghmani Finechem Limited (MFL), is a material subsidiary of Meghmani Organics Limited (MOL) in which MOL holds 57% of Equity Shares. MFL has completed the installation of Chlormethane (CMS) project with a capacity of 40,000 MTs. per annum in the existing Caustic Chlorine complex situated at GIDC Dahej, Dahej, Bharuch, in South Gujarat.
MFL has commenced commercial production in Chlormethane (CMS) from 04th July 2019. CMS Plant will produce Methylene Dichloride (MDC), Chloroform and Carbon Tetra Chloride (CTC). MDC will enable MFL to meet the growing demand of Pharma and Agrochemical customers while Chloroform will meet the demand for Raw Material of Pharma & Refrigerant Gases.
The cost of setting up the Chloromethane (CMS) plant with an annual capacity of 40,000 MTs is Rs. 160 Crore. MFL expects to achieve a Turnover of Rs. 80 Crores in Current Financial Year 2019-20 and Rs. 160 Crore in full year of operation in 2020-21.