Nagarjuna Agrichem is planning to raise Rs 250 crore to set up a new
manufacturing facility for active ingredients near Visakhapatnam in Andhra
Pradesh.
Funds for the facility are likely to come through debt and equity in 2:1
ratio. While the debt part is likely to be raised from banks, the company may go
for either private equity route or qualified institutional placements to fund
the equity part. The new plant is likely to cater to the export markets.
The facility to be spread over 108 acre is likely to have a capacity of 8,000
tpa in the Phase I with completion slated for 2012. In the Phase II, the company
plans to increase the capacity by an additional 8,000-12,000 tonne at an
investment of around Rs 100 crore. The entire project is expected to be ready by
2015.
Also See:
Nagarjuna Agrichem plans expansion (10-Dec-10)