Rama Charan – a Chennai-based little-known chemical trader who has, until recently, been developing technologies and equipment to convert industrial and municipal waste into energy that leaves no residue – set up two such manufacturing plants in Tamil. 15,000 crore for
While the Tamil Nadu unit will come up on 70 acres of land in Rameswaram district, which will be acquired by the end of the month, the Gujarat plant will come up on a similarly sized plot in Kutch district and the land should be acquired by the end of the month or early next month. can do.
Both the plants will have an investment of Rs 7,500 crore and will be commissioned in the third quarter of 2022, the company’s director Kaushik Palicha and the third generation of the founding family told PTI from Chennai.
Pallicha’s father was from the Kutch region of Gujarat and had moved to Alleppey in Kerala in the early part of the last century and then to Madras (now Chennai) in the 1950s where he started trading in chemicals in 1965.
Before entering deep-tech research in 2016, he had set up a joint venture with Japanese firm Shinji Kato in Baroda to manufacture specialty plastic components.
Ram Charan’s R&D focuses on developing end-of-life chemicals, converting segregated waste into energy, and manufacturing new generation energy storage devices – for $4.14 billion for US fund TFCC International The primary reason to go for such high valuation and equity partnership.
Its waste-to-energy products and services are distributed under the brand name ‘Entity One’ and leave no residual waste, he added.
