Corporate News 31-Jul-15
Board of Oriental Carbon & Chemicals approves expansion plans
At meeting held on 31 July 2015
Oriental Carbon & Chemicals announced that the Board of Directors of the Company at its meeting held on 31 July 2015, has approved the expansion of Insoluble Sulphur capacity of the Company by 11000 MTPA in two phases of 5500 MTPA each at its SEZ Plant at Mundra, Gujarat. The estimated project cost is Rs.159 crore including Rs. 7 crore for Working Capital Margin. The First Phase is expected to be commenced by April, 2017 followed by Second Phase in April, 2018.
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