By: IPP Bureau
Last updated : August 16, 2022 8:32 am
The estimated capex is to the tune of Rs. 140 crore to be funded through debt and internal accrual
NGL Fine-Chem Limited is planning a greenfield expansion at Tarapur with 50% capacity expansion with sufficient capacity to meet demand for new products in the pipeline.
The estimated Capex is to the tune of Rs. 140 crore to be funded through debt and internal accrual. The company has so far incurred a Capex of Rs. 7 crore. Presently, civil construction is undergoing and the facility is expected to commercialize in FY24. Presently, the implementation has slowed down in view of high commodity prices.
NGL Fine-Chem Ltd is a manufacturer of pharmaceuticals and intermediates for usage in veterinary and human health. The company caters to various global companies to custom manufacture high quality pharmaceuticals with reliability and flexibility.
The company's business is modelled around the changing customer demands and its ability to offer value-added innovative solutions to meet and even exceed these demands.
The company has three manufacturing facilities located at Tarapur and Navi Mumbai, Maharashtra, designed to meet the requirements of regulatory agencies and are capable of a wide range of reaction capabilities.