Joint Venture in India Multi-National Company Is Seeked to Build An Joint Venture with HOCL in India

| Editor: Marion Henig

Hindustan Organic Chemicals Limited (HOCL), a Public Sector Company with a turnover of Rs. 5200 million (USD 117 million), is looking for a suitable joint venture partner interested in setting up large size manufacturing facility for Phenol/Acetone or other chemicals in line with or allied to the existing product lines of the company.

Location of Rasayani in Maharashtra and India (Picture: Wikipedia)
Location of Rasayani in Maharashtra and India (Picture: Wikipedia)

Mumbai, India – Multi-Nationals/ Large Corporates interested in establishing a chemical manufacturing base in India by way of a joint venture with HOCL are invited to express their interest. The Rasayani unit is located 60 km south of Mumbai, close to Mumbai-Pune Express Highway, well connected by road, rail and also sea being in close proximity of Jawaharlal Nehru Port Terminal. The second International airport in Mumbai is also coming up in the close neighborhood of the site, increasing thereby its strategic importance. Compressed natural gas (CNG) pipeline is passing through in the close proximity to the factory site. HOCL Rasayani unit has already made arrangements for the CNG pipe line to its operating unit and the gas supply to Rasayani unit is likely to be started in the current calendar year. Rasayani unit site has also got all necessary infrastructure such as analytical laboratories, R&D facilities, effluent treatment plant, power and water supply arrangements etc, company has approx 500 Acre of land available for the proposed expansion out of total 1060 Acre available with it for a mega size chemical complex.

Hindustan Organic Chemicals Limited (HOCL) was set up by the Government of India in 1960 with the objective of attaining self-reliance in basic organic chemical needs.