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This
Project costing Rs.1450.00 lacs, has been appraised and assisted
by the Industrial Development Bank of India (IDBI) by way of Rupee
Term Loan of Rs.445.00 lacs and Equity participation from ICICI
Asset Management Company Ltd. SBI Fund Management Ltd. (TDICI),
Kothari pioneer prima fund,promoters & public aggregating Rs. 838.00
lacs.
Salt produced by its Salt Refinery is exceptionally high in purity,
matching international standards. A large part of it will be exported
to the Gulf countries where salt is selling as high as Rs. 25.00
a KG. The Salt Refinery was designed with the help of eminent Salt
Technologists, who had over 3 decades of experience in this line,
which included lot of spadework done in this field in Switzerland.
The Salt Refinery is based on the latest principles of chemical
engineering resulting in very low consumption of utilities and exceptionally
high purity of the final product. The Company has imported all the
major plant & Equipments from reputed suppliers of Germany, Switzerland
& USA. The work on this project started in November 1994, and the
company achieved commercial production in December 1995.
The company's public Issue opened on 21st Match, 1995 and received
overwhelming response from the public. Its shares are being actively
traded.
Saboo Sodium Chloro Ltd. has been recognised by the following Governmental
Organisations.
- Salt
Commissioner of India
- Northern
Railways
- Bureau
of Indian Standard Specification (ISI)
- Chemical
& Allied products Export promotion Council of India.
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