The board of directors of Rossari Biotech Limited's material subsidiary Unitop Chemicals Private Limited examined and discussed the potential for growth and capacity expansion.

Operating at 95% capacity utilisation, the current ethoxylation capacity is 36,000 MTPA. The business plans to invest approximately Rs. 128 crore to add 30,000 MTPA.

The new capacity is expected to come on stream in a phased manner by Q3 FY25. The project will be funded through a mix of internal accruals and debt.

The expanded capacity will cater to the growing demand for agrochemicals, home and personal care, oil & gas and pharma sectors, in the specialty chemical space.