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10 Apr 2014
IFC to Invest in Lucid Colloids

International Finance Corporation (IFC), World Bank Group, intends to invest up to US$ 30 Million in Lucid Colloids. The financing is partly Equity and long term debt. The funds will be used to part finance Lucid's expansion plans. Lucid is building a new finished product Guar Gum plant at Jhagadiya (Gujarat), 2 Guar splitting plants, one each at Meglasiya (Rajasthan) and Bikaner (Rajasthan). Lucid is also investing in a Agri Farm and Research Centre for filed research on Guar at Mokheri (Rajasthan).