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Meghmani Finechem Limited

Sector: Manufacturing (Industrial) • Location: India

Source: International Finance Corporation (IFC)

Project
Completed

Meghmani Organics Limited (MOL) located in the state of Gujarat in India, is a mid-tier manufacturer of special chemicals with sales of $108 million and net income of about $9 million in FY2007. Meghmani has set up new company - Meghmani Finechem Limited (MFL), which will construct and operate a 110,000 tons per annum (tpa) chlor-alkali plant together with a 40MW captive coal-fired power plant, b

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The project “Meghmani Finechem Limited” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in India. Taiyo aggregates data on it from International Finance Corporation (IFC).

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completed

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Description

Description

Meghmani Organics Limited (MOL) located in the state of Gujarat in India, is a mid-tier manufacturer of special chemicals with sales of $108 million and net income of about $9 million in FY2007. Meghmani has set up new company - Meghmani Finechem Limited (MFL), which will construct and operate a 110,000 tons per annum (tpa) chlor-alkali plant together with a 40MW captive coal-fired power plant, both at a greenfield site at Dahej, Gujarat. The new plant is expected to become operational in early 2009.The project, which is expected to cost about $125 million, will use the modern, environment-friendly membrane cell technology to produce caustic soda and chlorine. IFC has been approached to provide financing of up to $30 million, including about $8-10 million of equity and up to $20 million of A-Loan.

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High

Data quality score

100%

Source

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URL

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