DCC Bank planning to set up oxygen plants

The District Central Cooperative (DCC) Bank plans to set up two oxygen generation plants in Belagavi district.The bank’s board has agreed in-principle to set up the two units, one near Belagavi and th

The District Central Cooperative (DCC) Bank plans to set up two oxygen generation plants in Belagavi district. The bank’s board has agreed in-principle to set up the two units, one near Belagavi and the other near Chikkodi. But details are still being worked out, DCCB chairman Ramesh Katti said. “The bank is studying various proposals submitted by agencies to set up such plants. We will finalise a project that can be set up in the shortest time,” he told The Hindu on Tuesday. The bank officials are reading proposals and meeting technology providers. However, “we have a few unanswered questions, about expenses and the time line,” he said.