Indo Borax & Chemicals Ltd, a well-established chemical manufacturer headquartered in Mumbai, has announced the launch of a new high-value chemical product—Boron Oxide—slated for commercial launch in July 2025.

The company is investing approximately ₹20 crore to set up a dedicated manufacturing facility for Boron Oxide at Pithampur, Indore, Madhya Pradesh. This plant is being established using internal accruals as the mode of financing. The new production capacity is expected to add 4,000 metric tonnes (MT) per annum, with full capacity to be achieved phase-wise within a year from launch.

Boron Oxide will be produced by utilizing the existing product Boric Acid as the raw material. Given that the customer base for Boric Acid and Boron Oxide largely overlaps, Indo Borax anticipates streamlined market entry and effective utilization of existing relationships to expand sales. The product primarily caters to the domestic market and will be used extensively in the refractories industry, where Boron Oxide is a critical raw material.

This initiative is part of Indo Borax’s broader strategy to diversify its product portfolio and strengthen its position in the high-value chemical segment. The company is committed to leveraging its technical expertise and manufacturing capabilities to meet growing industrial demand domestically.

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency to stakeholders regarding the company’s expansion plans and capital expenditure.

Indo Borax’s registered office is located at 302, 3rd Floor, Link Rose Building, Linking Road, Santacruz (West), Mumbai, with contact phone number 022 26489142 / 47 / 48. Additional information can be found on the company’s official website: www.indoborax.com.

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