AP LOSES INDO-RAMA PTA PROJECT TO KARNATAKA

Article Abstract:

The Indo-Rama group has decided to shift its proposed project for the manufacture of polyester and pure terephthalic acid (PTA) from Visakhapatnam in Andhra Pradesh to coastal Karnataka. The Rs4100 crore project of Indo-Rama Synthetic Ltd will now be set up in the Kulai-Thokur villages near Mangalore. The project envisages production of 0.35 tonnes per annum of PTA and 0.20 tonnes per annum of polyester filament yarn. The Karnataka government has agreed to provide 400 acres for the project along with water requirement of 5 million gallons of water daily for the first phase and 10 million gallons daily for the second phase. It has also agreed to provide power requirement of 5 mw during construction and 40 mw after the plant is fully operational. The better facilities available at the New Mangalore Port and the proximity of Mangalore Refineries and Petrochemicals Ltd for sourcing naphtha and paraxylene has weighed in favour of shifting the project to Karnataka. (khr)

Strategy & planning, Cyclic Crude and Intermediate Manufacturing, Yarn Spinning Mills, Terephthalic Acid, Polyester Spun Yarns, Polyester yarns, Indo Rama

---

DALMIAS TO COME OUT OF DAIRY BUSINESS

Article Abstract:

Dalmia Industries Ltd (DIL) of the Sanjay Dalmia group plans to divest its dairy products business. This move is part of its restructuring programme. DIL intends to focus on its profit- making pharmaceutical division. It is seeking buyers for its Sapan brand of ghee. It is reported to have asked some of the workers in the dairy products factory at Bharatpur to quit jobs. DIL suffered a 50 percent fall in its sales at Rs22.7 crore in 1997-98 (Rs41.6 crore in 1996-97). It incurred a net loss of Rs9.8 crore (net loss of Rs9.7 crore). (gs)

Comment:

Plans to divest dairy products business as part of restructuring program

Asset sales & divestitures, Facilities & equipment, Dairy Products, Dairy Product Manufacturing, Article, Dalmia Industries Ltd.

---

Similar abstracts:

• Abstracts: TATA AIRPORT PROJECT GETS GREEN SIGNAL FROM MINISTRY KARNATAKA TO REPACKAGE AIRPORT PROJECT
• Abstracts: POWER SCENARIO IN KARNATAKA. EPA DIRECTIVE TO AFFECT 5,000 INDUSTRIAL UNITS
• Abstracts: MARRIOTT HAS BIG PLANS FOR INDIAN MARKET MSIL PLANS TO ENTER CONSUMER DURABLE RETAILING BUSINESS B&C TO DEVELOP PROPERTY TO FUND EXPANSION PLANS
• Abstracts: IN SHARP FOCUS PHILIPS ENTERS COLOUR MONITOR BUSINESS. LOOK SHARP
• Abstracts: UB SELLS KREST FINLEASE TO HYDERABAD GROUP. KPMG LIKELY TO BUY OUT FERGUSON'S OPERATIONS. UBL TO BUY BACK 30% IN NATIONAL SORGHUM

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.