Omkar Speciality Chemicals to expand business operations

Omkar Speciality Chemicals said the company has framed "concrete plans" for its business expansion by scaling up its activities in existing segments like pharmaceuticals.

The company said it would further like to penetrate into segments like fragrances and flavours, food and beverages, etc. in which new products will be launched in the immediate future.

These products will be having end application in the FMCG sector. The company has already tapped opportunities in these segments in domestic and overseas markets.

"The company is also planning to stake claim for intellectual property rights for the new products under launch," Omkar Speciality Chemicals said in a regulatory filing, adding that it is also planning for suitable business acquisitions in the fields, the negotiations for which are at an initial stage.