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Natura Hue Chem has decided to diversify into well growing and majors thrust area of economy of the power sector, company is planning to established manufacturing unit for manufacture of components and spares like, CRGO lamination core, which is basically used for in power distribution products. Management is expecting huge continuous demand of this product.
Further, the company plans to set up a manufacturing unit in the state of Jammu & Kashmir at Kathua. The company has already identified land for establishing this unit. Kathua has been declared as important industrial area by the state government. The industrial plot has been identified. The company will enjoy a number of state sponsored benefits like allotment of land at concessional rates. 100% subsidy on project report, 30% capital subsidy, rebate on working capital loans, transport subsidy, exemption from income tax, sales tax, toll tax, octroi and other benefits. The new project will compete very well due to these subsidies. Due to 90% transport subsidy, the location of the unit in the J&K state will add to the profitability of the company and ultimately benefit the investors.
The company made this announcement during the trading hours today, 13 September 2007.
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