Paragon Fine and Speciality Chemical Limited — Updates, 17-12-2024: Press Release

Paragon Fine and Speciality Chemicals Ltd has announced the acquisition of land near Viramgam to develop a multi-purpose warehouse covering approximately 15,000 sq. ft. The total capital expenditure for this acquisition is ₹2.22 crore. In FY24, the company invested ₹1.5 crore in machinery, with an additional ₹2.32 crore spent on machinery in FY25 thus far.

This new facility is expected to enhance Paragon’s operational capacity, enabling it to handle additional projects across multiple segments and improve delivery timelines. The increased installed capacity is anticipated to meet growing demand and contribute positively to revenue growth within the next 5-6 months.