RV Kanoria, Chairman and Managing Director of Kanoria Chemicals told CNBC-TV18 that the company has invested USD 44 million into the project already.
RV Kanoria believes Land Acquisition Bill cannot be dealt in bits and pieces as it is a big sentimental issue and will affect lives of majority of Indians as agriculture still remains the primary occupation of the people of this country.
R V Kanoria, chairman and managing director of Kanoria Chemicals joins CNBC-TV18 to highlight the path ahead for his company. He says that the company is planning to enter the fine chemicals business next apart from the three to five megawatt solar power project in Rajasthan.
NK Nolkha CFO, Kanoria Chemicals talks to CNBC-TV18 about the latest developments in his company and sector.
In an interview with CNBC-TV18, RV Kanoria, chairman and managing director of Kanoria Chemicals & Industries, spoke about latest happenings in his company and the road ahead.
Despite all the excitement in the market after the Kanoria Chemical and Aditya Birla Group deal, Guruprasad Mohapatra managing director of Gujarat Alkalies & Chemicals says that the company is not interested in divesting the business.
The Aditya Birla group remains on an acquisition mode. After buying Chloro Chemicals, a division of Kanoria Chemicals and Industries for Rs 830 crore last week, it has now announced yet another significant USD 340 million acquisition in the Sweden-based, pulp & fibre company Domsjo Fibre AB.
Aditya Birla Chemicals acquired a unit of Kanoria Chemicals & Industries for Rs 8,300 crore to boost the chloro-chemicals division. RV Kanoria chairman and managing director of Kanoria Chemicals says that the company is looking to deploy the money from the deal for growth in new businesses.