Meghmani Finechem Ltd has announced its plan to invest in a new project for production of chlorinated poly vinyl chloride (CPVC Resin) with a capacity of 30,000 MT.  The project will be set up in existing chlor alkali and derivatives complex at Dahej for proximity to key raw material like chlorine and to leverage existing infrastructure facilities. MFL is expected to commence the commercial production in early FY 2022-2023 and expects to add additional revenue of Rs. 300 crore with optimized level of capacity utilization. CPVC is a key raw material to produce Pipe and fittings having excellent heat and chemical resistance properties, the demand of which is increasing rapidly in chemical processing and hot & cold water distribution. This plant will serve the growing CPVC compound Industries in India. Since CPVC is presently imported from countires like China and Korea, the import dependency will reduce to a large extent once the proposed plant in India goe...