BASF India Limited plans to double its capacity for polymer dispersions with a new production line at its site in Dahej, Gujarat. Through this investment, the Company aims to provide a reliable supply of high-quality dispersion solutions to customers in the fast-growing Indian and South Asian markets.
The Company had started the production of polymer dispersions in Dahej, Gujarat in October 2014 and currently operates one production line at the plant. The proposed investment will expand production capacity of dispersions for the construction, coatings, paper and adhesive markets and the enhanced production line will serve growing demand in South Asia, with operations beginning by 2021.
Shares of BASF INDIA LTD. was last trading in BSE at Rs.998 as compared to the previous close of Rs. 972.15. The total number of shares traded during the day was 6343 in over 516 trades.
The stock hit an intraday high of Rs. 999.55 and intraday low of 949.7. The net turnover during the day was Rs. 6165397.