As per Nov 2021 article, in Vibrant Gujarat Global Summit (VGGS) Kiri Industries committed for investing Rs.2900 Crs for manufacturing Aniline, Nitrobenzene, Nitric Acid, m-Phenylene diamine at Dahej under its MDI complex project.
Attaching link for reference below:-
https://www.business-standard.com/article/economy-policy/state-attracts-mous-worth-over-rs-24-000-crore-ahead-of-vibrant-gujarat-121112201026_1.html
In CY 2021, two companies were incorporated by Mr. Kiri - Indo Asia Copper and Kiri Renewable Energy Private Limited. In June 2022, there was news related to Kiri acquiring 81% stake in Indo Asia Copper.
In Nov 2021, in the same investment summit, Indo Asia Copper signed an MOU for investing Rs.8500 Cr for a copper smelter plant and fertilizer complex in Ningala village of Rajula Taluka of Amreli district of the state.
Article Link:- Gujarat government has signed MoU with many companies | NewsTrack English 1 (newstracklive.com)
It will be interesting to follow the path chosen by Kiri industries as and when they receive bulk cash inflow from senda case
Disc:- Invested, Not an Investment Recommendation
Subscribe To Our Free Newsletter |