As per the regulatory filing, the Capex plan of Ankleshwar Unit entails an outlay of Rs190 crore to build a brownfield plant to support the future business growth of the company’s advanced pharmaceutical intermediates segment.
The existing structure of Ankleshwar Unit will be completely demolished and a new Plant will be built on the land. The Ankleshwar unit has received necessary environmental clearance and the new facility will have ~90 reactors taking the total reactor capacity to 436KL. The plant is expected to start commercial operations from January 2024. The Capex will be funded through a mix of General Corporate funds of IPO proceeds, internal accruals, and bank finance.
On Friday, Ami Organics ended at Rs1128 per piece higher by 0.18% on the BSE.
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( With inputs from indiainfoline)