Tata Group firm, Rallis India, plans to infuse Rs 150-crore in its Dahej (Gujarat) plant to expand its production capacity, a senior company official said.
The company would invest this amount in the first phase of its expansion by the second quarter of the next financial year.
"We are planning to invest in Dahej in order to increase our production capacity. Initially, the facility will increase our existing products and later, in the second phase, the facility will cater to contract manufacturers," D K Sunder, executive vice president (finance and legal), Rallis India told PTI here today.
The company believes that after inception the Dahej facility would be able to generate Rs 500-crore of revenue within three years.
Rallis is also partnering with leading companies in the agro-chemical business for contract manufacturing of technical grades, formulations and intermediaries.