SRM United is planning to set up a formaldehyde manufacturing unit at Hryadaypur in Rae Bareilly district of Uttar Pradesh.
The proposed unit will spread over 1.24 acres of land parcel and will have a capacity of 160 tonne per day.
As per the information available with Projects Today, SRM United is awaiting environment clearance for the project. The contractor and machinery suppliers are being finalized.
The company expects to commence the work on the project by mid-2023 and complete by mid-2024.