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Corporate Announcement

Security Code : 524648    Company : INDOAMIN    
 
Investment to set up New Plant 25 Sep 2012 18:20
Indo Amines Ltd has informed BSE that Maharashtra Industrial Development Corporation (MIDC) has allotted 9 Acres of Industrial Land at Dhule to the Company for setting up new Fine & Specialty Plant.

The Company is planning to invest around Rs. 20 Crore in 1st Phase for setting up Factory on newly allotted land. The 1st Phase investment will result in increasing turnover by Rs. 100 Crores.

The Plant is expected to start production by Early 2014.
 

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