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NT Bureau
Chennai, Aug 26:

        Vikas WSP Ltd, manufacturers of guar gum polymers and its derivatives, has planned to install two manufacturing plants in Baroda and Bikaner at an investment of Rs 735 crore.

        Announcing this at a press meet, B D Agarwal, managing director said, 'the Baroda plant is coming up at an estimated cost of Rs 375 crore and it would manufacture hydroxypropy-lguar and cationic guar used for making soaps, shampoos, lotions, conditioners while the second unit at Bikaner, Rajasthan would manufacture organic guar.

        He said the Baroda unit would commence operations by 2010-11 with a capacity of 12,600 tonnes while the Bikaner unit would commence in 2008-09. The company has invested a sum of Rs 200 crore plus Rs 160 crore towards tie ups with farmers for contract farming in these areas.

        The capacity of the plant is 25,000 tonnes per annum.

        The Bombay Stock Exchange suspended the company's shares from being traded on the exchange from October 2001 on complaints levelled against the company. However, SEBI after investigation had revoked the suspension and trading would resume from 27 August, he said.