Cotton Remains High

October 15, 1966 capacity. It is setting up new oxygen and acetylene plants which will produce oxygen, acetylene, nitrogen and argon. Following devaluation the cost of expansion has increased. The company is negotiating with I F C for a further rupee loan to meet the additional cost of expansion. The company's existing oxygen and acetylene units are working satisfactorily. The company has received the Government's permission to set up an oxygen and acetylene plant at Naini. It has also received a letter of intent for substantial expansion of its file plant. It has started exporting files in South-East Asia.