N.A.N. Enaex to set up explosives manufacturing facility with an investment of Rs 750 crore
The joint venture (JV:50:50) between Indian industrial platform N.A.N. GreenMet and Chile-based blasting solutions provider Enaex, N.A.N. Enaex has plans to set up an integrated explosives manufacturing facility in eastern India (location not made public).
The JV will invest Rs 750 crore in the project, with commercial operations expected to begin in 2027. According to the firm, in Phase 1, the manufacturing facility will have the capacity to produce 150,000 tonnes of emulsion explosives and one million electronic detonators annually.
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