The scrip of BASF India has gained over 23% in the last seven trading sessions on the announcement that it will invest 1,000 crore in a Greenfield chemicals complex at Dahej.

Considering its history of spending close to 30 crore to 60 crore annually on capital expenditure, this is quite significant. This mega-project will more than double its gross block by 2014, thus substantially increasing its scale of operations.