EPCL approves CAPEX of $4mn for VCM de-bottlenecking

MG News | April 19, 2022 at 09:46 AM GMT+05:00

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April 19, 2022 (MLN): The Board of Directors of Engro Polymer and Chemicals Limited (EPCL), in its meeting held yesterday, has approved a CAPEX of USD4 million for conducting Basic Engineering followed by a Front-End Engineering Design (FEED) study in relation to de-bottlenecking its VCM production facility to 300 KT per annum, company’s filing on bourse showed today.

“The results of these studies, when completed, will lead to the final investment decision in relation to the Project,” the company said.

Earlier today, the company also announced the successful commissioning of pure Oxygen based VCM technology at a cost of Rs2.2 billion, which will reduce raw material consumption of the company by approximately 2%.

Currently, the stock of the company is trading at a price of Rs82.89, i.e., up by 3.64% or Rs2.91 DoD.

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