Business Update19 Jan 2024, 12:34 am
Supreme Petrochem Ltd to invest Rs 800 crore in new project
AI Summary
Supreme Petrochem Ltd has informed about the purchase of 96.35 acres of land for setting up a new project at Village Munak, Tehsil-Ballah, District Karnal, Haryana. The company will be investing Rs 800 crore in the project, which will include the production of Polystyrene, Expandable Polystyrene, and Extruded Polystyrene Insulation Board. The project is expected to be completed in 36 to 48 months post-receipt of statutory clearances.,
Key Highlights
- Rs 800 crore investment in new project
- 96.35 acres of land purchased
- New project to produce Polystyrene, Expandable Polystyrene, and Extruded Polystyrene Insulation Board
- Expected completion period: 36 to 48 months post-receipt of statutory clearances