Bulletin Updates

Rs 1900 crore capex by a chemical company – 7 Jul 2022

Jul 07, 2022

The company had announced a capex of Rs 1,900 crores over FY22 and FY23 towards capacity expansion at Bhuj and expansion in the carbon black capacity. Furthermore, it would also be undertaking modernisation, automation and technology up-gradation at the existing facilities, which is expected to increase the efficiency and productivity of existing facilities. In FY22, around ?1,000 crores of planned capex was concluded, and the balance is expected to be concluded by FY23

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