As such, Methanol is used in many industrial applications like Formaldehyde, API formulations, Methyl Amines, Dyes & Intermediates, Paints, Solvents, Adhesives, Pesticides etc. In the Indian market, the major application of Methanol is in Formaldehyde, which accounts for 60% of Methanol consumption.
The plant has been re-started on trial basis from 31st August, 2020. The plant will be operating at its full capacity by 10th September, 2020 and is expected to produce approx. 470- MT per day.
As a result of this the top-line of the Company will be up by approximately Rs 150 crore in the current Financial Year 2020-21.
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