FACT inks deal with IL

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Kochi, Aug 29 (UNI) The Fetilizers and Chemicals Travancore Limited (FACT) has entered into an agreement with Infrastructure Leasing and Financial Services Limited -- Infrastructure Development Corporation (IL&FS-IDC) for preparing masterplans for setting up various development projects for the central PSU.

According to an official release here today, as per the agreement IL&FS-IDC would identify economically and technically viable industrial and commercial development projects to be set up on FACT land as part of its expansion and diversification programme.

Besides, the recently started gypsum-based building materials plant, FACT is currently having a number of projects to kick start its diversification into fields of container freight station and free trade warehousing zone.

IL&FS-IDC, a company promoted by UTI, Central Bank of India and HDFC among others and is engaged in advisory and project development activities across diverse sectors,the release added.

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