Indias largest public sector fertilizer company by revenue, Rashtriya Chemicals and Fertilizers Ltd, or RCF, plans to develop up to 100 acres of surplus land in Mumbai to set up the countrys first chemical commodity exchange, a hydrogen plant and a chemical industrial park, said a person familiar with the development.
Investment in the project, for which RCF is preparing a master plan, is estimated to be more than Rs2,000 crore, with RCF contributing the land and raw material, the person said.
The hydrogen plant is to be developed in a joint venture with a German multinational, while the industrial park will house at least 50 chemical units, and the chemical commodity exchange, he added. The plan also includes a greenhouse to grow fruits and flowers.
More : livemint.com
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