Convergence Chemicals: In fine fettle – 1 Sep 2021

Convergence Chemicals Private Ltd is a wholly owned subsidiary of Piramal Pharma Ltd.

The company manufactures speciality fluorochemicals from its facility at Dahej with an installed production capacity of 500 metric tonnes per annum (MTPA)

The company ramped up its average capacity utilisation to 104% in FY2021 from 90% in FY2020, after overcoming the teething issues faced till FY2019

And it seems to have excellent financials