Aether Ind to set up new units in Guj with investment of `1K cr
Specialty chemicals company Aether Industries on Thursday said it has signed an initial pact with the Gujarat government to set up new manufacturing plants at its Panoli Site with an investment of around Rs 1,000 crore.
The company has signed a Memorandum of Understanding (MoU) with the Gujarat government to this effect, Aether Industries said in a statement.
With an indicated investment of Rs 1,000 crore, generating future employment for more than 1,000 people, the company aims to commission the plants by the year 2025, the statement added.
In the recent past, the company had purchased 1,25,000 sq. plots Panoli GIDC, in Bharuch district.
The company aims to utilise the Panoli plots in an efficient manner to manufacture a variety of products for the first time in India.
Surat-based Aether produces advanced intermediates and specialty chemicals.
The products find application in the pharmaceutical, agrochemical, material science, coating, high-performance photography, additive, oil, and gas segments of the chemical industry.
Currently, the company has three active manufacturing sites, one R&D center and pilot plant in Hojiwala, Surat, and two manufacturing sites in Sachin, Surat. at
Patel Engineering Ltd has emerged as the successful bidder for Dibang Multipurpose Project worth Rs 3,637.12 crore in Arunachal Pradesh, which will be undertaken in a joint venture.
The company's share in this order is Rs 1,818.56 crore, according to a regulatory filing.
"Patel Engineering Ltd (PEL) has emerged as L1 bidder in financial bid opening through an e-reverse auction for the tender invited by NHPC Ltd, for the construction of civil works for LOT4: comprising head race tunnels ...for Dibang Multipurpose Project 2880 MW (12 X 240 MW), located in Arunachal Pradesh, India," the company said in a statement.
The project is to be executed in 86 months. It will be undertaken in a joint venture, of which PEL's share is 50 per cent.
"The Dibang Hydropower Project is India's largest-ever Hydropower Project, which will not only help generate 2,880 megawatts of hydropower once completed but also help with flood control and water storage," Rupen Patel, Chairman and Managing Director of PEL, said.
The United Kingdom has evinced interest to work with the Kerala government in the higher education sector among others, Chief Minister Pinarayi Vijayan said on Wednesday.
Vijayan called on British Deputy High Commissioner
Chandru Iyer in Mumbai and discussed the potential in the state's collaboration with the UK in the areas of healthcare, education, Fintech among others. “Had a fruitful discussion with the British Deputy High Commissioner, @chandruiyer, regarding
potential collaboration between the UK and Kerala to enhance crucial sectors like education, healthcare, and scientific research. Thank you for your valuable insights and support,” Vijayan tweeted.