Meghmani Organics Limited (MOL) has declared that it will launch a new and profitable White Pigment Titanium Dioxide variation (TiO2). The company plans to build a 33,000 metric tonne production facility in Dahej, Gujarat’s chemical heartland, at a cost of INR 400 crore.
Paint, coatings, plastics, inks, dyes, paper, and cosmetics, among other sectors, use titanium dioxide (TiO2) as a bright white pigment.
On a full financial year basis, the project is estimated to add INR 700 crores to MOL’s topline by Q1 FY24. With strong return ratios, the company aims for a 25% EBITDA margin.
The yearly demand for Titanium Dioxide (TiO2) in India is estimated to be 2,50,000 tonnes.
