The company's board has approved to raise funds to the tune of Rs 3,000 crore for meeting growth plans, NACL Industries said in a regulatory filing.
The firm, formerly known as Nagarjuna Agrochem Ltd, has worked out a plan to grow its exports as well as domestic business by developing a pipeline of new products, it added.
The company is also planning to expand production of intermediates and bio-products, it said.
The extra general meeting (EGM) to seek shareholders' nod for the proposal will take place on February 3, it added.
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