"We expect our Dahej plant, which will be operational from 2014, to contribute about Rs 800-1,000 crore to the overall revenues of the company," BASF India Chairman and Managing Director Prasad Chandran told reporters here.

BASF has zoomed 15% to Rs 629, extending its past two day’s 8% rally, after the company on Wednesday said that it will invest Rs 1,000 crore to set up a new production facility at Dahej in Gujarat.

Chemicals producer BASF India will invest Rs 1,000 crore to set up a new production facility at Dahej in Gujarat, following approval from its board.

Chemicals major, BASF India Ltd will set up a chemicals production unit at Dahej with an estimated cost of Rs 1,000 crore, the company informed on Wednesday.

BASF India is trading higher by 2% at Rs 518 on announcing expansion plans of around Rs 1,000 crore for setting up of a new chemical production site at Dahej in Gujarat.

Global chemical majors BASF SE and INEOS Industries Holdings today said they have formed a joint venture company, Styrolution, to produce styrene, with an eye on the increasing competition in the Asian and the Middle Eastern Markets.

BASF India is trading at a lifetime high, soaring 10% to Rs 610, ahead of the board meeting to decide on the scheme of amalgamation.

German chemicals major, BASF, will acquire Cognis Holding Luxembourg, which is controlled by Permira Funds, GS Capital Partners and SV Life Sciences. The enterprise value of the deal is 3.1 billion euros or $3.8 billion, BASF said.

The German chemical giant BASF SE is close to acquire specialty chemicals company Cognis GmbH for at least $4.1 billion, says a media report.

BASF India, announced that its shareholders had approved the scheme of amalgamation with Ciba group companies in India with BASF India.

France-based IT outsourcing and consulting major Capgemini is setting up a new division to cater solely to the domestic information technology outsourcing and consulting business.