Poddar Pigments to set up new unit in Rajasthan.

Poddar Pigments has acquired land at Brijpura, Rajasthan, to set up a new unit. Following this, production capacity is expected to increase by approximately 25 per cent in the first phase by end of FY 2019-20, the company said in a statement to the exchanges.

Poddar Pigments is a manufacturer of colour and additive masterbatches for dope-dyeing of polypropylene, nylon and polyester multifilament yarn/fibers.

According to the company’s web site, the current production capacity for its masterbatches is 12,000 tpa. The stock of Poddar Pigments slipped 0.68 per cent at Rs. 182.75 on the BSE.

HBL