Ultramarine & Pigments to set up a greenfield unit at Naidupeta Industrial Park

The wholly owned subsidiary of Ultramarine & Pigments Limited, plans to set up a greenfield pigment manufacturing unit at Industries Park, Naidupet, Nellore district, Andhra Pradesh. The capacity of 1500 MT will be added in a phased manner starting from July 2021 to April 2022. The Ultramarine & Pigments board has recently approved the revised project cost of ?66.50 crore. The funding is planned through a mix of equity, preference shares and debt.

 


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