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Innovative Resins to set up greenfield unit at Karoli in Rajasthan

Friday, 23 Dec 2022
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Innovative Resins, a Gurugram based company, is planning to set up a greenfield unsaturated polyester resins manufacturing unit with an annual capacity of 60,000 tonne at RIICO Industrial Area, Karoli in Alwar district of Rajasthan.

The new unit will also have capacity to manufacture 2,400 tpa of polymer pigment paste.

The proposed unit will spread over 2.50 acres of land parcel.

As per the information shared with Projects Today, the company has achieved financial closure and applied for environment clearance for the project. The contractor and machinery suppliers are still being finalized.

The company expects to commence the work on the project by Q1/FY2024.

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