Punjab Chemicals invests Rs 60 crore for export expansion

Punjab Chemicals and Crop Protection Ltd has signed three exclusive MOUs with overseas customers for high-value agrochemical products and intermediates, targeting commercialization within 12-18 months.

The company will invest approximately Rs 60 crore to build two new manufacturing blocks at its existing site, focusing on Japanese and European markets.

Sales from this segment are expected to reach Rs 120-150 crore over the next two to three years. The company is also scouting for a new site to support growing operations.