Meghmani Finechem Limited (MFL), India’s leading integrated chemical manufacturer, registered a strong operating and financial performance for the quarter and year ended March 31st, 2023. MFL posted 40% jump in PAT at Rs. 353 crore for FY 23 as against Rs. 253 crore in FY22. Revenue for the year ended March 31, 2023 rose by 41% to Rs. 2,188 crore as compared to Rs. 1,551 crore in FY22. EBITDA grew 35% to Rs. 689 crore. Margin stood at 31% (33% FY22) on account of high cost of inventory compared to realization. Commenting on the results, Maulik Patel; Chairman and Managing Director, MFL said: “FY 2022-23 was a very exciting year, despite business undergoing through lot of volatility, realizations were at their peak at the start of the year and dropped sharply by the end of the year. Our strategy to diversify in high value new products and continuous expansion has brought us volume growth of 15% YoY and 13% QoQ. Revenue contribution from Derivatives & Specialty Chemical ...

Meghmani Finechem Limited (MFL)- a Flagship Company of Meghmani Group makes an announcement to expand existing Caustic Soda Plant from 294000 TPA to 400000 TPA with upgrading Captive Power Plant capacity from 96 MW to 132 MW at its Chloroalkali and Derivative Complex at GIDC Dahej, Bharuch. The total cost of the project will be about Rs. 230 crores. This additional caustic plant is expected to be operational by March 2022 and will generate additional Revenue of Rs. 250 Cr with optimum utilization. After this expansion, the installed capacity of Chlorine will be increased to 352000 TPA and Hydrogen to 116 million NM3 per annum. Chlorine and Hydrogen produced from this plant will cater the growing demand from various segments like, Agrochemicals, Pharmaceutical and downstream value chain like Chloromethanes, Hydrogen Peroxide, Epichlorohydrin and CPVC resin. This plant will also cater various application segments like Alumina, Soap & Detergent, Paper and Pulp, Agrochemicals, Ph...