BASF India Ltd. said its board has approved the proposal for setting up of a new chemical production site at Dahej, India at an estimated cost of Rs.1,000 crore
The new site will be an integrated hub for polyurethane manufacturing and will also house production facilities for care chemicals and polymer dispersions for coatings and paper
The total cost of the project will be met through internal accruals and loans, the company said.
The project is expected to be commissioned by 2014.
At the BSE, BASF India closed Wednesday's trading at Rs.519.85, up 2.43 percent from the previous close.
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by RTT Staff Writer
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