Heranba Industries Limited has announced that it has received Environmental Clearance from Ministry of Environment, Forest and Climate Change of Government of India, for expansion of Pesticides Intermediates, Fungicides, Herbicides, Insecticides Manufacturing at Sarigam, Taluka Umbergaon, District Valsad, Gujarat (Sarigam Plant).
Heranba has an existing land parcel measuring 55,000 sq.mt. at Sarigam and no additional land will be required for the proposed expansion.
The Company has developed greenbelt in area of 5,500 sqm and will develop greenbelt in an area of 12,650 sqm covering 33% of the project area. This expansion plan will entail setting up an additional manufacturing capacity of 24,900 TPA for manufacturing of Insecticides, Fungicides, Herbicides and Pesticides Intermediates.
The estimated cost for this expansion is Rs110cr which includes an existing investment of Rs20cr. This Project will create employment opportunities for 170 persons directly & 100 persons indirectly, as mentioned by the company.
Commenting on the development, R K Shetty, Managing Director, Heranba said, “We are pleased to announce that we have received the EC approval for expanding our Sarigam Plant. This is a crucial development towards our aim of expanding our multipurpose manufacturing capacity and enables us to achieve our growth objectives while continuing to build on our solid foundation. We intend to manufacture a variety of insecticides, pesticides, and herbicides at the site in the future.”
At around 2:00 PM, Heranba Industries was trading at Rs743.45 per piece higher by 5.88% on Sensex.