Ahmedabad-based Astral Poly Technik Ltd has hit all time record is the Bombay Stock Exchange (BSE) on Thursday, when the company hinted that it could be a joint venture (JV) with the Lubrizol Corporation, managed by billionaire investor Warren Buffett’s Berkshire Hathaway Inc. (BH).

At the end of the BSE on Thursday, the stock price was Rs 215.50 Astral, an increase of 18.3 percent over its previous close. The stock has been a standard opening on Thursday up to 19.5 percent for hitting a high of 218.50 rupees.

Lubrizol yesterday revealed its plan to build a polyvinyl chloride pipe plant in Dahej in Gujarat with an investment of $ 245 million (Rs 1177 crores).

Buffett’s Berkshire Hathaway has recently been acquired by Lubrizol, a manufacturer of specialty chemicals in the United States $ 9700000000 (SR 46 613 crore).

Astral Poly Technik, the Exchange Regulation FILING Stock on Thursday said: “We want to clarify that talks (with Lubrizol) is a very preliminary stage and at the same time are subject to detailed negotiations. The company will publish the final project, how and when things are been completed. ”

Investors see the positive actions Astral.

“This is a very positive development. This is the first Buffett investment in India. When he got the invitation to join with the company, so there is some substance in the company. He is the best judge to choose a company than anyone else “said Saurin Shah, an analyst and broker in Ahmedabad.

Lubrizol to start the construction of Dahej GIDC units in January of 2013, and production should start in October 2014.