02-05-2025
Laxmi Organic shares in focus after receiving environmental clearance for new Dahej site
By Aditya Bhagchandani Published on May 2, 2025, 11:33 IST
Shares of Laxmi Organic Industries Ltd may see investor attention after the company announced it has received Environmental Clearance (EC) from the State Environment Impact Assessment Authority (SEIAA), Gujarat, for its upcoming synthetic organic chemicals manufacturing facility at Dahej, Gujarat.
The new plant, to be set up in Village Jolve and Vadadala, District Bharuch, marks a major milestone in the company's expansion strategy. The facility will support the manufacturing of essential and speciality chemical products and is equipped with advanced safety protocols.
In a press release, Managing Director and CEO Dr. Rajan Venkatesh stated, 'We are excited to announce that our upcoming site at Dahej, Gujarat, has received the Environmental Clearance, which marks a significant stepping stone in the commissioning of the facility in line with our guided timeline. This project will offer our customers a wide range of product portfolio across Essentials and Specialities chemicals.'
The company plans to leverage this project to increase capacity, introduce new products, and reinforce its global competitiveness through innovation and customer-centricity. This development is expected to play a key role in driving Laxmi Organic's next growth cycle.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
