Ashoka Project
We have strategic plans to invest INR 2,000 crores in specialty carbon and downstream derivative projects over a period of seven years, extending till 2030, to establish our presence in Odisha. The first phase of this expansion strategy involves an investment of INR 740 crores to set up a greenfield project with a processing capacity of 300,000 MTPA of raw coal tar. The project aims to produce a range of value-added derivates including pitch, anthracene oil, wash oil, naphthalene, anthraquinone, phenol, carbazole, cresols, etc. The project is scheduled for commissioning in 2024, contributing to the growth of the chemical sector in India and aligning with the ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives of the Government of India (GoI). Additionally, it will enable efficient catering to the organisation’s customer base in the aluminium sector, which is concentrated in the region.
