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<p style="text-align:justify"><span style="color:rgb(105, 105, 105); font-family:arial; font-size:11px; line-height:1.6em">Zydex Industries, a firm that specialises in building green roads using nanotechnology, aims to grab contracts worth about INR 150 crore from India this fiscal for constructing moisture resistant highways.&nbsp;</span><span style="color:rgb(105, 105, 105); font-family:arial; font-size:11px; line-height:1.6em">The Gujarat headquartered company said its products have been used to build about 5,000 miles of roads in the US, but it is yet to catch up in India though it has worked with state&nbsp;run Border Roads Organisation (BRO) to build such roads in Leh and Laddakh regions.</span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">&quot;We are targeting to get INR 100- 150 crore contracts from India this fiscal,&quot; Zydex Industries Executive Vice President Vivek Kane told.&nbsp;</span></span></span><span style="color:rgb(105, 105, 105); font-family:arial; font-size:11px; line-height:1.6em">Outside India, the company expects to get projects worth INR 100 crore during the fiscal, he said.</span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">The company has got huge response in the US, Europe and Africa, he said, adding that on domestic front, it is working in collaboration with BRO besides road builders like GVK, Ashoka Buildcon and Ramky Infra.&nbsp;</span></span></span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">The company has also patented its nanotechnology which reduces water percolation into roads.&nbsp;</span></span></span><span style="color:rgb(105, 105, 105); font-family:arial; font-size:11px; line-height:1.6em">Using this technology, the government can save over INR 21,700 annually, which is spent on maintenance of rural roads, Kane added.</span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">&quot;India incurs about INR 21,700 crore per annum on maintenance of rural road assets, which could be saved. Water proofing of rural roads can be done at an expenditure of only INR 12,000 per lane Km, making the road maintenance free for 15 to 20 years,&quot; Kane said.&nbsp;</span></span></span><span style="color:rgb(105, 105, 105); font-family:arial; font-size:11px; line-height:1.6em">He added the company is also looking to ramp-up the capacity of its Vadodara plant this fiscal, which produces silanes, a product for water proofing of roads by two times with an expenditure of INR 50 crore.</span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">The production capacity of the plant at present, he said, is 36,000 tonnes per annum.</span></span></span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">Source-On Request</span></span></span></p>