Bluestar

Bluestar Ltd will wait until March 31, 2018, for a response from the Jammu and Kashmir government on fiscal incentives for its proposed greenfield unit in Jammu. If not granted, the project will be shifted to Sri City, Andhra Pradesh. The estimated investment for the twin projects is Rs 220 crore, with a capacity of 2.5 lakh room AC units per annum each.

Asahi Kasei and Bluestar, a ChemChina subsidiary, have agreed to study the economics of building production facilities for modified polyphenylene ether (mPPE) in China, including intermediates. A final investment decision is planned by March 2018.