Thirumalai Chemicals Limited — Important, 02-06-2025: General Updates

Thirumalai Chemicals is enhancing its global presence with a new greenfield PAn (94 KTPA) and Fumaric Acid (10 KTPA) plant in Dahej, strengthening domestic market share and cutting imports. Its US facility (40.5 KTPA MAn and food acids), launching in FY26, will tap into low-cost n-butane and integrated production to serve North America and Europe. The move boosts exposure to high-margin specialty acids like Malic and Fumaric, reducing reliance on commodity cycles. Consolidated revenue reached INR 2,050 Cr with a 17% CAGR over four years, signaling strong growth potential.