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Gail Lines Up Rs 400 Crore Spread

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BUSINESS STANDARD
Last Updated : Jan 28 2013 | 1:52 AM IST

To hike polymer capacity to 440,000 tonne

GAIL India Ltd is embarking on a Rs 400 crore expansion to increase polymer production capacity at its Pata plant in Uttar Pradesh from 300,000 tonne to 440,000 tonne over the next three years.

The company will invest Rs 60 crore in the first phase to raise the capacity by 50,000 tonne. The first phase is likely to be completed by the end of 2004.

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The company has also initiated talks with the National Iranian Petrochemical Company (NIPC) for the joint marketing of its products overseas.

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First Published: May 21 2003 | 12:00 AM IST

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