Aster Silicates has successfully completed the plant of 300Mts/day out of IPO proceeds. Besides, the company has also completed additional 300Mts/day plant from its own funds. Now the total capacity of the company is 750Mts/day as against 150Mts/day before IPO.
However, Aster Silicates could not start the unit because of less availability or erratic supply of gas. Now since the gas availability at Jaghadia is assured, the company is in final step of signing new gas sales agreement. On completion the company shall start unit very shortly in phased manner. The company is also exploring good potential in organic agriculture field.
Aster Silicates is engaged in the business of manufacturing of sodium silicate which includes food grade sodium silicate, special drilling grade silicate and detergent grade silicate. The company produces sodium silicate both in glass and liquid form.
| Company Name | CMP |
|---|---|
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| Skipper | 466.10 |
| GMM Pfaudler | 894.95 |
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