The potential for growth and capacity expansion were reviewed and addressed by the board of directors of Rossari Biotech Limited's material subsidiary, Unitop Chemicals Private Limited.

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

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.