It seems the protests against Sterlie Copper plant in Tamil Nadu and the subsequent closure of the factory has made Phillips Carbon Black (PCBL) to reconsider its proposed Rs 6-billion investment in a greenfield plant in the state.
According to a Business Standard report, the RP-Sanjiv Goenka Group-owned company is planning to shift its proposed plant to Telangana or Andhra Pradesh.
It quoted the group’s chairman, Sanjiv Goenka as saying: “We are now concerned about Tamil Nadu and the way the administration handled the (Sterlite Copper) issue. We don’t want to become a pretext for any other tamasha in the future.”
PCBL, as part of its focus to ramp up its current 0.515-million tonne (MT) capacity, had planned a greenfield project in Tamil Nadu and was in advanced discussions with the state government.
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