TITLE

GACL to invest Rs 2,500 cr in venture with German giant

AUTHOR(S)
Desai, Suresh Thakur
PUB. DATE
May 2011
SOURCE
Chemical Business;May2011, Vol. 25 Issue 5, p39
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of Gujarat Alkalies and Chemicals Ltd. (GACL) to invest 2,500 crore rupees in a joint venture with Germany-based specialty chemicals company Evonik-Degussa GmbH in 2011. The investment is part of the diversification of the product portfolio of GACL. A polyols plant to be established at the Dahej complex of GACL in Bharuch, Gujarat, India will be funded by GACL. Majority of the revenues of GACL are generated from the sale of caustic soda.
ACCESSION #
62168230

 

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