HCIL to set up carbon black, captive power plant

24 October 2007 17:06  [Source: ICIS news]

NEW DELHI (ICIS news)--India’s Himadri Chemicals & Industries Limited (HCIL) said on Wednesday it would set up a carbon black and a captive power plant at Mahistikry in Hooghly district of West Bengal.

 

The company did not disclose any additional information on the project that is designed to cash in on the booming demand for tyres.

 

The tyre industry is the largest user of carbon black in India.

 

An Indian Government official said the company had registered its intention to set up the project through an industrial entrepreneur memorandum in July.

 

According to Emkay Research, a Mumbai-based investment services company, HCIL would complete 70,000 tonnes/year carbon black plant in next financial year ending 31 March 2009.

 

HCIL is India’s largest coal tar derivatives maker. The company operates five coal tar distillation and derivatives plants in West Bengal, Chattisgarh and Andhra Pradesh.

By: Naresh Minocha
+65 6780 4359

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