Pi Industries Gets Green Nod for Rs 393 Crore Project in Gujarat
The proposal is to set up a manufacturing unit to produce pesticide, pesticide intermediates and fine chemicals with a total capacity of 43,240 tonnes per annum in an area of 87,300 square meters in Bharuch.
"Based on the recommendations of the Environment Appraisal Committee (EAC), the environment ministry has accorded green clearance to the project," the official said.
Among conditions specified, the company has been informed that out of the proposed total production of pesticides, at least 25 percent should be bio-pesticides.
The company has been asked to obtain consent to establish/operate the project from the state pollution control board, he added.
The company has decided to expand its production capacity by addition of a new manufacturing plant to meet the rising the demand.
The company's scrip closed flat at Rs 780 apiece on the BSE today.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)