Gujarat Narmada Valley Fertilizers and Chemicals has signed a joint venture agreement with Santosh Agrochem LLP for setting up 345-mtpd purified wet lime project in a phased manner at Bharuch, Gujarat. The total cost of the project is ₹50 crore. GNVFC will hold 10 per cent in the joint venture - Calciwell Chemtech Private Ltd. Initially, GNVFC will invest ₹1 crore in the JV. Shares of GNVFC will remain in focus as analysts will closely monitor the developments.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.