Bodal Chemicals (BCL) is investing about Rs 15 crore for taking stake in Trion Chemicals (TCPL) and will become the single majority stake holder. TCPL was incorporated in the year 2013 and ready with various required approvals for a project falling under the head of specialty chemicals having good export potential. It will be kind of first project in the India. Project construction work has just started and expected to start commercial production by July 2016. At the optimum capacity utilization level it will be able to generate turnover of about Rs. 240 Crore. It will add wealth to the business of the company as well as wealth of the shareholders of the company.
BCL is a one of the leading manufacturer of Dyestuffs, Dye Intermediates and Basic Chemicals. It is the most integrated Dyestuff manufacturing company of India. Considering the future growth requirements and as a part of diversification strategy, BCL has identified the business space for exploiting the opportunities for diversification by making investments in Trion Chemicals.
Company Name | CMP |
---|---|
Sudarshan Chemicals | 739.20 |
Bodal Chemicals | 77.76 |
Shree Pushkar Chem | 179.90 |
Kiri Industries | 362.05 |
Bhageria Industries | 173.85 |
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