Clean Science and Technology has received approval from its board for incorporation of wholly owned subsidiary of the company. The proposed wholly owned subsidiary once formed, would enter into an agreement for assignment of lease to acquire at Pune, admeasuring 1,32,687,50 Sq. Mtr. from Shree Samrat Pulp and Paper, subject to obtaining various approvals and permissions from the concerned authorities including MIDC. Total investment in the proposed WOS would be upto Rs 200 crore which will be made in tranches.
Clean Science and Technology is among the leading companies in India to have commercialized use of environment-friendly processes to manufacture certain specialty chemicals, at global capacities.
