Gujarat Ambuja Exports to set up new maize, cotton spinning yarn units

Gujarat Ambuja Exports Ltd has announced that the Board of Directors of the Company at its meeting held on September 09, 2006, has approved the expansion plans of the Company as under:

1. For setting up new project of Maize Processing with 500 TPD capacity at Uttranchal with project cost of Rs 90 Crores.

2. For setting up Cotton Yarn Spinning Unit with 30,000 spindles at project cost of Rs 90 crores and setting up captive power plant of 12 MW capacity with project outlay of Rs 35 Crores.

3. For setting up new project of Maize processing with 500 TPD capacity with facility to produce ENA and Ethanol at Nasik at total project cost of Rs 96 Crores.

Source : Equity Bulls

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