The Board of Thirumalai Chemicals Ltd. (TCL), at its meeting on the 2nd November 2021, has approved the investment in a project to manufacture Phthalic Anhydride and Fine-chemicals at its site in Dahej in Gujarat, India. This is aimed at the large markets in Western India and for regional exports. The investment will be funded by the company's internal accruals and by borrowings. The project includes a 90,000 ton per year Phthalic Anhydride unit. It is scheduled for commissioning in H2 Fiscal Year 23-24. The Project will use TCL's in-house Technology. TCL already operates a Phthalic Anhydride plant at this site, commissioned about 6 months ago. Phthalic Anhydride is used widely - to make Colorants, Resins for construction, infrastructure & housing, Additives for polymers, Inks, Paints, etc. TCL makes about 160,000 tons of Phthalic Anhydride, Food Ingredients and Fine Chemicals at its existing facilities in Ranipet and Dahej.