Shree Pushkar Chemicals & Fertilisers plans to invest ₹70 crore in a chemical manufacturing plant at its Unit 5 facility in Ratnagiri, Maharashtra. The proposed facility will add 3,000 tons per annum (MTPA) of production capacity, strengthening the company’s manufacturing operations and supporting growing customer demand. The company’s Board of Directors has approved the capital expenditure, with commissioning targeted for March 2028. The investment will be funded through internal accruals and the preferential issuance of fully convertible warrants to the promoter, subject to the necessary approvals.
Ratnagiri Expansion to Boost Chemical Production
The proposed plant forms part of Shree Pushkar Chemicals’ ongoing expansion at its Unit 5 facility. During the quarter, the company commenced commercial production at the site, adding 6,000 MTPA to its dyes manufacturing capacity. With the proposed addition of another 3,000 MTPA chemical manufacturing capacity, the company aims to further strengthen its presence in Ratnagiri and improve its ability to meet rising market demand.
Solar Power Capacity Increases to 20.6 MW DC
Alongside its manufacturing expansion, Shree Pushkar Chemicals is strengthening its renewable energy infrastructure. During the quarter, the company commissioned a 10 MW DC solar power plant at Nanded, Maharashtra. With this addition, its consolidated solar power capacity has increased to 20.6 MW DC. As reported by manufacturingtodayindia.com, the expansion supports the company’s efforts to increase renewable energy utilisation, improve operational efficiency and strengthen its sustainability initiatives.
