India, May 21 -- Shares of a Chennai-based inorganic pigments manufacturer came into focus after its Board of Directors, at a meeting held on May 20, 2026, approved a greenfield expansion project that represents one of the most significant capital commitments in the company's recent history.

With a market capitalization of Rs. 1,180.85 crore, the shares of Ultramarine & Pigments Limited were last trading at Rs.404.55 per share, down 2.83 percent from its previous close of Rs.416.35.

The greenfield facility will be set up at the SIPCOT Industrial Park in Manapparai, Tiruchirappalli district, Tamil Nadu, a government-developed industrial zone that provides access to developed infrastructure, utilities, and logistics connectivity in the re...