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Thermax to invest Rs.400 cr in new plants in India, Indonesia

Industry Chemicals & Petrochemicals

Thermax Ltd is planning a multi phase chemical manufacturing unit in Dahej, Gujarat. The plant will go on stream during FY 17. Approximate cost of the project is around Rs.150 crore. It is also setting up a new unit in the east coast; location is yet to be finalized. Further, it is also planning a multi phase heating, water and air pollution products manufacturing unit in Indonesia with an investment of $25 million.

Extracted from HBL, July 28,’15

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