Oriental Carbon Plans For Expansion
2019-05-13 Announcements Chemicals & Petrochemicals Northern India
Oriental Carbon & Chemicals Limited has informed that the board of directors of the company at its meeting approved expansion of its Insoluble Sulphur capacity from 34,000 MTPA to 45,000 MTPA over the next 3 years at Dharuhera, Haryana in two Phases of 5500 MTPA each along with addition of Sulphuric Acid Capacity of 42000 MTPA with an investment of around Rs.216 Crore including Rs. 7.5 Crore for Working capital margin. The First Phase of Insoluble Sulphur Plant and the Sulphuric Acid Plant are expected to be commissioned by the third quarter of FY 2020-21. The steam produced from the New Sulphuric Acid plant will cater to the requirements of the New Insoluble Sulphur Plant. The expected Project IRR is about 20%. The Project is proposed to be funded by a mix of Loans and Internal accruals with a debt equity ratio of 2:1.