Companies

Jubilant Life to set up new plant in Gujarat

New Delhi | Updated on November 12, 2017 Published on March 08, 2011

This project is part of its Rs 350-crore expansion plan in 2011-12.





Jubilant Life Sciences Ltd (formerly Jubilant Organosys Ltd) on Tuesday announced that it is setting up a manufacturing plant to produce Symtet – a key ingredient for making a globally used insecticide. The plant is being set up in the special economic zone, at Bharuch, Gujarat.

While the company did not reveal the investment required for this project, this is part of its Rs 350-crore expansion plan in 2011-12.

The facility will manufacture “2,3,5,6-Tetra Chloro Pyridine” (also commercially known as Symtet/TCP) of 24,000 tonnes per annum (TPA) capacity and Chlorinated Pyridine derivatives of 5,000 TPA. This unit is expected to be operational from Q4 FY2012 and will make Jubilant the largest producer of Symtet globally, catering to more than 40 per cent of the worldwide demand.

Jubilant expects to achieve additional annual revenue of $90 million from this facility.

Symtet is used in the manufacturing of Chlorpyrifos, one of the world's largest and safest, low-cost insecticide, having a growth of 7 per cent globally.

The company has received approvals from major customers and is the process of firming up long term arrangements with them.

Mr Shyam S. Bhartia, Chairman and Managing Director, Jubilant Life Sciences Ltd, said, “Jubilant will be the only company in the world manufacturing Symtet through this environment-friendly technology, developed by in-house R&D having complete backward integration up to the basic feed stock.”

The company's share price was up 1.4 per cent to close at Rs 165.70 on the Bombay Stock Exchange.

>tkt@thehindu.co.in

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on March 08, 2011
null
This article is closed for comments.
Please Email the Editor