Bodal Chemical completes expansion of dyestuff plant

Bodal Chemical, the manufacturer of dye intermediates and dyestuffs, informed bourses on Tuesday that it has successfully completed expansion of dyestuff plant by 6,000 metric tonnes per annum (MTPA) and started production at Dudhwada, Taluka Padra, district Vadodara in Gujarat. The estimated amount that the company has spent to build this capacity is around Rs 26 crore.

A dye is a coloured compound normally used in soluble form, which is capable of being fixed to fabric/application sub-strates. Dye intermediates are the main raw materials used for manufacturing dyestuffs.

After this expansion, the company’s total capacity of dyestuff plants increased to 35,000 MTPA, excluding liquid dyestuff. It has also completed facility for production of thionyl chloride (TC) plant with capacity of 36000 MTPA. For TC, the company has spent around Rs 45 crore.

In terms of global market, Bodal Chemical enjoys 3 per cent market share, while in the domestic market, the company enjoys 13 per cent market share in the dyestuffs segment. The company’s profit after tax has grown at a CAGR of 41.8 per cent over FY14-18.