Tata Chemicals to evaluate success of pilot biofuel project before large scale foray

摘要

Tata Chemicals may get into the biofuel business on a large scale if its pilot project at Nanded, Maharashtra, is successful. "The project is on an experimental basis and we have decided to limit investments at this stage to a maximum of Rs. 50 crores," informed Mr. P. K. Ghose, Executive Vice-President and CFO, Tata Chemicals. "If the project is successful, we will invest in biofuel manufacturing in a big way. This will involve investments totalling several hundred crores of rupees." The pilot biofuel manufacturing unit in Nanded is expected to be operational in 2008-09.