Industrial gases supplier BOC India will invest Rs 1,000 crore over the next three years, a company official today said.
Managing director of BOC India Menon told reporters on the sidelines of the company's AGM that of the total amount Rs 700 crore would be raised in the form of debt.
Menon said the company had acquired four acres for setting up an electronic gas plant for the manufacture of photo voltaic cells in the electronic SEZ at Andhra Pradesh.
He said the company would spend around Rs 50 crore for this purpose.
The company would also set up a merchant plant at a cost of Rs 150 crore in Uttarakhand.
To a query, he said that the company was expecting a sales growth of 25 per cent in 2009.
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