Laxmi Organic Mahad facility resumes operation

The business said that its factory in Raigad, Maharashtra’s Mahad Industrial Area, MIDC, had been closed for 21 days, from August 21 to September 10, 2022, in order to carry out and perform the scheduled maintenance tasks.

The maintenance work is now finished, and the plants have begun operating in a staggered fashion. The manufacturer of specialty chemicals noted in a statement, “We will continue to enhance our capacity utilisation over the coming weeks.

Leading producer of Specialty Intermediates and Acetyl Intermediates, Laxmi Organic Industries has over three decades of expertise producing chemicals on a big scale. The company’s consolidated net profit fell 36.6% to Rs 64.86 crore on a 2.8% rise in net sales to Rs 756.61 crore in Q1 FY23 over Q1 FY22.

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