According to reports, Kanoria Chemicals & Industries recently sold the chloro-chemicals division of the company for about Rs 830 crore. R V Kanoria, chairman and managing director of Kanoria Chemicals in an interview CNBC-TV18 to highlight the path ahead for his company said that the company is planning to enter the fine chemicals business next apart from the three to five megawatt solar power project in Rajasthan.
He said, ” We are also getting into renewable energy, into solar power. We expect that our first generation of solar power in Rajasthan would be completed by 31st March of 2012, that is within this financial year. This will be about 3-5 megawatts.”
“Honestly speaking, the renewable energy sector, especially the solar energy sector, is still to really evolve in India and we wish to be one of the new or the first players in this business, ” he added.