ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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SEARLE (INDIA)-Drought Affects Sales

NOCIL Coping with Pollution Control NATIONAL ORGANIC CHEMICAL INDUSTRIES (NOCIL) is awaiting clearance from the government for an industrial licence to undertake modernisation and substantial expansion of its petrochemicals complex in Thane. The Maharashtra Pollution Control Board is presently considering the company's application for a no-objection from the pollution angle. Two writ petitions have been filed in the Bombay High Court in November 1987 and February 1988 against the location policy of the government of Maharashtra for setting up new industries and expansion of existing ones in the ThaneBelapur area. The company has decided to intervene in both these petitions. The company has also submitted an application for obtaining MRTP clearance for undertaking business in seeds as an activity ancillary to its agrochemicals business. Besides, the company has decided to invest a sum of Rs 33 lakh for acquiring equity shares of Mupnar Films, Indore, which is setting up a plant at Pithampur in MP to manufacture biaxial- ly oriented polypropylene (BOPP) film, increasingly used in the' packaging industry. The company has paid a sum of Rs 16 lakh towards application money for shares and will be marketing the BOPP films for a period of 10 years from the date of commercial production. The company's subsidiary, Ensen Holdings, has also decided to invest a sum of Rs 33 lakh in the equity shares of Mupnar Films.

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