IOL Chem gets Rs 1,400 mn fund for expansion

Coimbatore: IOL Chemicals & Pharmaceuticals Ltd has informed that for the expansion-cum-forward and backward integration project with a capex of Rs 216 crore, banks and financial institutions have sanctioned Rs 140 crore to part finance the project and the balance will be met from internal accruals and equity from the promoters and private parties on preferential basis.