Piramal Expands SOCs, Cultivates Sustainability in Telangana

Piramal Enterprises Limited (PEL) is launching a New Synthetic Organic Chemicals (SOC) plant in Digwal Village, Telangana. This state-of-the-art manufacturing plant would create 142.25 Tonnes Per Month (TPM) of Synthetic Organic Chemicals, essential for pharmaceuticals, agrochemicals, and other sectors, with a Rs. 250 crore investment. The initiative will boost SOC manufacturing economic growth and innovation by using spray drying and mixing technology.

The project has great potential to boost India's "Make in India" strategy by strengthening its SOC manufacturing position. It will strengthen industry supply chains by lowering imports and increasing local manufacturing. The project is also projected to provide many jobs during construction and operation, boosting regional economic development and attracting investment.

Despite its promise, the initiative faces significant obstacles. Compliance with environmental standards is crucial. SOC market rivalry from local and international firms and chemical demand volatility are other major obstacles. Maintaining enough infrastructure is also essential for smooth operations.

While the chemicals to be made, project timetable, and environmental impact assessment are unknown, stakeholders may stay informed by contacting Piramal Enterprises Ltd. or following official releases. News stories and updates will reveal the project's development and possible influence on the industry and area. Piramal Enterprises Ltd.'s SOC project in Digwal will boost economic development, technology, and local manufacturing,

As on January, 2024. The project has begun the stage of receiving approvals. Clearances were obtained for the project. Work on the project is scheduled to begin in February of 2024.

News by Rahul Yelligetti