Meghmani Finechem Limited announced the successful commissioning of Epichlorohydrin (ECH) Plant of 50,000 TPA capacity. Despite a challenging external environment, the plant is commissioned on time and without any cost overrun, a testimony of the company's strong project execution skills. Meghmani Finechem Ltd. is the first company in India to commission an ECH plant - a currently fully imported product.

MFL's entry into this product is in line with the Government's initiative of Aatmanirbhar Bharat and Make in India. This will reduce the dependence of ECH consumer on imports thereby helping the country save its foreign exchange reserves. ECH can be manufactured through propylene or glycerin process, with glycerin process being the most environmentally friendly.

MFL has opted the glycerin process, where key raw material being used is a fully renewable resource. This process significantly reduces the energy and water consumption thereby reducing the Company's carbon footprint. In India, approximately 80% of ECH goes into Epoxy Resin manufacturing, which is further used in industries such as paint, automotive, construction material, windmill, adhesives, electronics, etc.

The remaining 20% of the ECH is consumed by the pharmaceuticals industry, for water treatment and paper chemicals, demand for which is also expected to grow significantly. With increased GOI focus on Infrastructure development and expected pick up in Indian consumption story, indirect demand for ECH is expected to grow significantly. Currently demand for ECH in India is around 80 KTPA, but considering the increase and new capacities of Epoxy resin in coming years.