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Reports: Indo Rama Synthetics' PTA-PET project in Tamil Nadu to cost Rs45 billion

7:57 AM MST | February 13, 2013 | Francinia Protti-Alvarez

Indo Rama Synthetics India (Gurgaon), a company quoted on the Bombay Stock Exchange and the National Stock Exchange of India, will invest 45 billion Indian rupees ($833 million) over a 3–4-year period to build a previously announced integrated polyethylene terephthalate (PET) complex in the state of Tamil Nadu, India, according to a report in the Business Standard. The facility will include a purified terephthalic acid (PTA) feedstock production unit. A separate report says that the new PTA unit will have an annual capacity of about 1.25 million m.t. CW...

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