Industrial gases and fuel supplier BOC India has announced that the company has decided to infuse Rs 1,000 crore in next three years to increase the installed capacity of the company.
The company may go for a 70:30 or 75:25 debt-equity proportions to raise Rs 1,000 crore for investment.
BOC India has acquired four acres of land in the electronic special economic zone (eSEZ) of Andhra Pradesh, and intends to invest around Rs 50 crore to set up an electronic gas plant there, which will manufacture photovoltaic cells.
Apart from this, the company will also set up a merchant plant in Uttarakhand with the investment of Rs 150 crore, which will be operational by the first half of 2010. The plant is likely to contribute around Rs 150 crore of revenue to the company per year in the initial stage.