Laxmi Organic Industries has received authorisation for a Rs 710 crore capital investment for the establishment of a new production plant in Dahej, Gujarat.

The new production plant is planned to open in three years.

The corporation has suggested increasing capacity by more than 100,000 tonnes per year. Internal accruals, debt, and equity will be used to fund the project.

The Company's Board of Directors adopted the same at the Special Strategy Meet on July 29 and 30, 2023.

Laxmi Organic Industries is a leading manufacturer of acetyl intermediates and specialty intermediates and solvents catering to diverse end-market sectors like pharmaceuticals, agrochemicals, food packaging, pigments and coatings.