Meghmani Organics Ltd, one of the largest producers of Pigments and Pesticides is planning Rs. 1,537 crore capex in the next 2 years.  Meghmani Organics is planning for a two phase expansion. Phase 1 expansion focuses on doubling 2,4-D Capacity by addition of 10,800 MTPA with Capex of Rs. 127 crore to be operational by Q3 FY21 and Rs. 25 crore on Formulation Plant to be operational by Q3 FY21. Major products to be manufactured in this plant are: 2,4-D, Cypermethrin, Permethrin, Bifenthrin, Lambda Cyhalothrin, Profenophos and Chlorpyrifos.  Phase 2 includes New Multipurpose Plant (MPP) at Dahej with Capex of Rs. 310 crore and to be operational by Q4 FY22.  Meghmani Organics has commissioned the Chloro Alkali expansion project and Captive Power Plant (CPP) in June and Hydrogen Peroxide plant in July. The company is expanding into new geographies and exploring new pigments.  In Chloro Alkali & its Derivatives (MFL), the company is setting up backward integrated Epichlorohydrin (ECH) and Chlorinated Polyvinyl Chloride Resin (CPVC) resin projects to ensure continual growth. ECH project of 50,000 MTPA would be operational by Q4 FY22 and capex outlay for the project is Rs. 475 crore. CPVC Project of 30,000 MTPA will be operational by Q3 FY23 with a capex outlay of Rs. 300 crore . The expansion will be margin accretive at company level due to higher EBITDA margins in the Chloro Alkali business.  For Pigments, the company is eyeing a revenue target of Rs. 1,000 crore by FY23. For Agrochemicals, the company is eyeing a revenue target of Rs. 2,000 crore by FY23. For Chloro-Alkali and its Derivatives, the company is eyeing a revenue target of Rs. 2,000 crore by FY24. So, in toto the company is looking at additional Rs. 5,000 crore revenue by FY24.  

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