Manali Petrochemicals to invest Rs 150 crore in capacity expansion

Business Standard | Sep 23, 2020 at 2:00 AM
  • Manali Petrochemicals (Manali Petro) received the board’s approval to increase the capacity of Propylene Glycol (PG) from the existing 22,000 TPA (tonnes per annum) to 70,000 TPA by addition of 48,000 TPA, at an estimated cost of about Rs.
  • In the first phase 24,000 TPA would be added at a cost of around Rs 60 crore, to be met through internal resources.
  • The growth in demand expected in future in these two sectors will help MPL meet its sales target post the expansion.