Kanoria Chemicals & Industries to set up solar power plant

Kanoria Chemicals & Industries is considering setting up a solar power plant, with an initial capacity of 3-5 MW.  The company for this will entail an investment outlay of around Rs 50 crore.

Recently, Kanoria Chemicals & Industries had informed that the transaction of sale of the company's chloro chemicals division to Aditya Birla Chemicals (India) had been closed and completed on May 23, 2011 and the company had received consideration of Rs 830 crore. Consequent to the closing of the sale, the company's chloro chemicals division stands transferred to ABCIL.

Kanoria Chemicals is engaged in the manufacture and sale of chemical intermediates in India. It offers chlor-alkalis, chlorine derivatives, and water treatment chemicals, as well as alcohol-based intermediates.