Assam Petro Chemicals Ltd Plans To Raise INR635 Crore-Business Line
Business Line reported that Assam Petro Chemicals Ltd will raise debt capital of INR635 crore (INR6.35 billion) from a cluster of 10 banks to carry out INR1,028-crore methanol-acetic acid project. According to the source, the Company is likely to sign the agreements with the banks. The project has equity participation of the state government, Oil India Ltd and Assam Gas Company Ltd. PMC Consultancy has been engaged for setting up of the integrated Plant. The Project is scheduled to be completed in 2014.
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