# Thermax to invest Rs 1000 crore in Gujarat expansion

Thermax announced plans to invest Rs 1,000 crore next year in Gujarat for expansion, including Rs 45 crore for a new ion exchange resin manufacturing plant in Jhagadia.

- Type: Expansion
- Announced: 2024-02-16
- Where: Gujarat, India, India
- Value: $120.0M (10.0B INR)
- Status: announced
- Products: ion exchange resin
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Thermax](https://endata.com/companies/1348.md)

## Sources

- [deshgujarat.com](https://deshgujarat.com/2024/02/16/thermax-to-invest-rs-1000-cr-in-gujarat-rs-45-cr-ion-exchange-resin-plant-in-jhagadia/), 2024-02-16: "Thermax will invest Rs. 1,000 crore next year in Gujarat for making an expansion in the State."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.