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.
What to watch. Will JV pact boost Gujarat Narmada Valley?
Published on
September 21, 2016 16:22
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