Asian Paints‘ wholly-owned subsidiary, Asian Paints (Polymers) (APPPL) has entered into the requisite agreements with Gujarat Chemical Port (GCPL) to set up an ethylene storage and handling facility in Dahej, Gujarat.
As a part of the arrangement, APPPL will provide a security deposit of INR 460 Crore to GCPL, which will be refunded over 17-18 years, in addition to the cost of setting up the Vinyl Acetate Monomer (VAM) and Vinyl Acetate Ethylene Emulsion (VAE) manufacturing facility.
Also Read: Lucknow’s Gomti Nagar Railway Station | redeveloped by CPKA
Earlier, Asian Paints announced that its wholly-owned subsidiary, Asian Paints (Polymers) would be setting up a facility for manufacturing Vinyl Acetate Ethylene Emulsion (VAE) and Vinyl Acetate Monomer (VAM) in Dahej, Gujarat, at an estimated investment of INR 2,100 Crore.
Biltrax Construction Data is tracking 29,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights and gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
0
