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INTERVIEW
TO BE AMONG THE TOP FIVE COMPANIES IN THE DOMESTIC MARKET IN BENZENE CHEMISTRY Bodal is the most integrated dyestuffs company in India having three phase integration starting from basic chemicals, dye intermediates, and dyestuffs
ANKIT PATEL
EXECUTIVE DIRECTOR BODAL CHEMICALS LIMITED
Bodal is the largest dye intermediates player in India with a 20-25 percent market share of India's total capacity. How do you plan to increase your market share? Our company is a dyestuff integrated manufacturer that produces 25 dye intermediates. More than 40% of the capacities of these intermediates are captively used, resulting in a considerable cost advantage for dyestuff products. Given the positive outlook for dyestuff, we want to strategically improve our captive consumption of dye intermediates. As a result, the overall market share in dye intermediates will decrease in the coming years but we are expanding in basic chemicals i.e. Chlor-Alkali and Sulphuric Acid and specialty chemicals i.e. Benzene Downstream products. Bodal is looking at both organic
Dye Intermediates business will grow by additional Rs. 100-120 crore as we have commercialized Vinyl Sulphone’s capacity expansion and SPS Processors unit. We anticipate significant growth in the ChlorAlkali business since the upgrade activity is expected to be finished by the end of 2022.
and inorganic growth through new products and acquisitions. The company is entering into new products like Chlor Alkali, Benzene, its derivatives, and others. How do you see these developments transforming Bodal? We endeavour to move up the value chain and diversify our business from core dyestuff and dye intermediates into other specialty chemical products such as Benzene Derivatives and Chlor-Alkali products. Strong tailwinds and high demand aided the Indian Chlor-Alkali business. We purchased Mawana Sugars' Rajpura Punjab facility in the first quarter of fiscal year 2022. With revenue of Rs. 180 crore in 9M FY'22, the Chlor-Alkali business delivered a strong performance. We will manufacture Benzene Downstream products which are primarily used in pharma, specialty chemicals, and agrochemicals. As a result, our organization will offer a diverse product portfolio on a large scale to multiple end-use markets, resulting in a new version of our company. How is Bodal Chemicals positioned both in the domestic and international market vis-a-vis its competitors? Bodal is the most integrated dyestuffs company in India having 3 phase integration starting from basic chemicals, dye intermediates, and dyestuffs. In the domestic market, we have a 13 percent market share for dyestuffs and a 20 -25 percent market share for dye intermediates. Our global market share for dyestuff is near 3% and the market share for dye intermediates would be near 6%. We have significant capacity across a wide range of products to meet the needs of end-user
