Thirumalai plans to manufacture Phthalic Anhydride along with fine & specialty chemicals at Dahej

Thirumalai Chemicals Limited (TCL) has informed the bourses about its plans to execute a project to manufacture 1,80,000 tonnes per year of Phthalic Anhydride (PA) as well as 30,000 tonnes per year of fine & speciality chemicals, at its existing site at Dahej (Gujarat) in Western India, which would be implemented in two successive phases.  

The company expects to bring the first of these two phases on-stream in the next couple of years after the receipt of all requisite approvals. 

The work on design & engineering of the plant has already commenced. The raw materials for this integrated plant will be sourced primarily within Gujarat while the finished products are aimed at the large West & North Indian markets, and for exports. 

Phthalic Anhydride has a wide variety of uses in colourants, polymer additives, reinforced polymers, fine chemicals, etc. This project is expected to replace the large imports of PA and drive downstream growth in India. 

The commissioning of TCL's first PA plant at Dahej was delayed by the recent pandemic wave in Gujarat but its startup is now under progress. 

TCL has been a leading producer of Phthalic Anhydride and derivatives over the past 45 years. Its range of products includes Maleic Anhydride, food ingredients, and fine chemicals. It sells its products primarily in India, Southeast Asia, the Middle East, and Europe, with some quantities in North America. 

During Thursday’s morning session, the stock of Thirumalai Chemicals surged 7.8 per cent and was trading at Rs 143.80. However, at the time of market closing, it was trading at Rs 135.75, up by only 1.80 per cent on BSE.