Business - Briefly   

IPCL to invest Rs. 350 cr.

NEW DELHI: Reliance Industries-owned Indian Petrochemicals Corporation Limited (IPCL) today announced an investment of Rs.350 crores in the near future aimed at increasing the capacities of its plants. The new investment will also take the company's turnover by over Rs.1,000 crores.

Stating that during this decade a boom was expected in demand, IPCL's senior executive vice president (marketing), J. B. Kamat, said polymer demand in India would touch 10 million tonnes by 2010 from the current 3.92 million tonnes. "To meet this demand, we will be expanding our plants at Vadodara, Gandhar and Nagthane.''

Our Staff Reporter

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Entertainment |
Advts: Classifieds | Employment | Obituary | Updates: Breaking News |

Stories in this Section

• Government moves to check prices
• Petronet plans terminal at Kochi
• Price band for DCI shares announced
• Strike hits forex trade
• Domestic steel producers upset over duty cut
• Biocon sets price band for IPO
• Stocks stage recovery, Sensex up 36 points
• E-mail with aroma
• New norms for Customs House agents
• SEBI to take a final view on corporate governance
• Final norms on investment in non-SLR securities
• Scope to spread microfinance, say experts
• Bullion rates
• Exchange rates
• Stock Market Index
• Derivative contract size
• Hutch's new service
• SBI's prepaid travel card
• Mixed response to public offers
• Airtel's milestone
• DishnetDSL launches Helloworld
• Overnite Express' regional hub
• EDS centre gets CMMI Level 5
• L&T gets ONGC contract
• DRL files ANDA for Amlodipine Besylate
• Sierra partners University of Hyderabad
• LogicaCMG pact with Britannia Airways
• Quantech to invest $3 m
• iGate opens new campus
• Cerebra's initiatives in healthcare
• 1:1 bonus from FDC
• IPCL to invest Rs. 350 cr.
• SAR Silicon's pact with U.S. firm
• Datacraft bags two awards
• MRF's speciality coatings

Copyright © 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu