Meghmani Organics to invest Rs. 400 Cr for titanium dioxide plant
The Titanium Dioxide plant is expected to be commissioned by Q1 FY24
India’s annual demand for Titanium Dioxide (TiO2) is pegged at 250,000 MTPA growing at 4.2% CAGR. India imports 80% of the Titanium Dioxide (TiO2) demand. India’s Titanium Dioxide (TiO2) production capacity stands at 81,000 MTPA.Â
Meghmani Organics Limited (MOL) is setting up a new and lucrative variant of White Pigment Titanium Dioxide (TiO2) plant with 33,000 metric ton production facility at a total capex of Rs. 400 crore ( $ 53 Million)at Dahej.
The project is poised to be the largest plant in India. Titanium Dioxide (TiO2) is an import substitution product aligning to the Make in India and Atmanirbhar Bharat vision.
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- Reference :
- Indian Chemicals News