Yasho Industries is catching investors’ attention as the stock prices soar more than 4 per cent on a down market day. Yasho Industries a leading Indian global manufacturer & supplier of specialty and fine chemicals, today announced that the Board of Directors of the company has approved the capex upto Rs. 10 crores for enhancement of capacity from 9,200 MTPA to 11,000 MTPA through de-bottlenecking and additional ancillary equitpments. The said expansion is expected to commercialize by Q3FY22.
The management in its press release said that the capex decision was made due to the growing demand for its products. The management further emphasised that the Rubber chemicals, Lubricant chemicals & Speciality chemical businesses have witnessed robust growth over the last few years. The capex plan is expected to help Yasho Industries reduce effluent, generate high yield & increase fungibility. The investment in debottlenecking will further enhance the product offering capabilities to its customers and grow the market share of the company in various chemical product categories; the management stated in its briefing to the stock exchanges on Monday.
Yasho Industries Ltd is a pioneer in the field of manufacturing fine and specialty chemicals, exporting all over the globe, including USA, Europe, Asia, Middle East and Brazil.
Yasho Industries has gained in each of the months in 2021 i.e Jan (15.05 per cent), Feb (18.20 per cent), March (49.24 per cent), April (8.14 per cent) and May (12.66 per cent). The stock is up by 178 per cent on YTD basis alone.