Ishan Dyes and Chemicals Begins Commissioning for New CSA Plant; Stock Rises Over 5%

October 7, 2025, Ahmedabad: Ishan Dyes and Chemicals Ltd (BSE: 531109, NSE: ISHANCH) has initiated the commissioning process for its new Continuous Sulphuric Acid (CSA) plant, representing a significant step in its overall development plan. The new fully automated plant is designed to produce 450 metric tonnes per day of 98.5% Sulphuric Acid and will

Founded in 1993 and based in Ahmedabad, Ishan Dyes and Chemicals Ltd. produces dyestuffs and intermediates for the textile and industrial sectors. The Company is listed on both the BSE and NSE and is continuing forward with backward integration and diversification into value-added chemical products.

Commissioning Progress And Production Plans

As reported in the company’s regulatory filing, testing of the equipment and performance validation is currently underway. Full-scale operational testing is expected to be complete in October and will lead to a commercial rollout. The project complements Ishan Dyes’ aims of increasing capacity.

Management’s Perspective

According to Shrinal P. Patel, Whole-Time Director, the new plant would supplement the existing business model of the company and improve profitability in the future. He added that the CSA facility will further strengthen Ishan Dyes’ market position and facilitate sustainable revenue growth.

Market Response

The announcement generated a sense of positive anticipation among investors, resulting in a gain of ₹1.70 (2.46%) in the company’s shares, which closed at ₹70.94 on the NSE—up from its previous close of ₹69.24. The stock also reached an intraday high of ₹72.95, with a trade volume of 4.17 lakh shares, giving the company a market value of ₹152.73 crore, a 52-week high.

Outlook

The commissioning of the CSA plant enables Ishan Dyes and Chemicals to operate more efficiently and profitably. Management believes that revenue growth will accelerate, the market outlook will improve, and the project will enable the company to renew its long-term.

REF: https://nsearchives.nseindia.com/corporate/ISHANDYES_07102025141123_Ishan_Letter_for_Project_Sept_2025.pdf

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