The fate of US $ 245-million (approx. Rs 1,356 crore at current
exchange rates) chlorinated polyvinyl chloride (CPVC) unit, proposed to
be set up through a joint venture between billionaire investor Warren
Buffet's firm, Lubrizol Corporation and Ahmedabad-based Astral Poly
Technik Ltd, is hanging in the balance as there is no progress on the
project since the announcement was made in September last year.
According to sources closely monitoring the development, the project at present looks uncertain.