Tanfac Industries Invests Rs 100 Crore to Fuel Manufacturing Growth

Tanfac Industries (TIL) is strategically investing Rs 100 crore to enhance its manufacturing capabilities, with the anticipated completion of the expansion by the fiscal year 2025. This capital expenditure will predominantly be covered by internal accruals.

The proposed expansion is set to amplify the hydrofluoric acid (HF) plant's capacity from 14,750 metric tons per annum (MTPA) to an impressive 29,500 MTPA. TIL stands as a noteworthy joint venture between Anupam Rasayan India (ARIL) and Tamil Nadu Development Corporation (TTDC).

Situated in Cuddalore, Tamil Nadu, TIL operates as one of India's leading producers of Anhydrous hydrofluoric acid and aluminium fluoride. The company's commitment to excellence is underscored by its recent credit rating upgrades, with ICRA elevating its long-term and short-term bank facilities ratings from A- to A (stable) and A2+ to A1, respectively.

News by Rahul Yelligetti