Jubilant Ingrevia plans capacity expansion, to invest Rs 600 crore annually
Noida-based speciality chemical maker Jubilant Ingrevia is planning to invest Rs 500-600 crore annually. This investment will be used for expanding the production of Vitamin B3, or niacinamide, used in skin creams, fortified foods and dietary supplements; and Vitamin B4, or choline chloride.
This comes after the firm invested around Rs 2,000 crore over the past three years. With fresh investment, the firm will expand niacinamide and nutrition operations at Bharuch, commission a multi-purpose plant at Gajraula by this year-end, and develop cleanroom and pilot capabilities for semiconductor chemicals at its Greater Noida R&D centre.
Jubilant is targeting 20-25 per cent annual growth in both revenue and EBITDA in FY27.
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