Bodal Chemicals is planning to acquire Mawana Sugars’ Siel Chemical Complex (SCC) in Punjab. SCC is one of the largest players in the chlor-alkali segment in north India with current caustic soda capacity of 82,500 million tonnes per annum (MTPA).
The company will acquire SCC at a total cost of Rs 137 crore on slump sale basis (plus stamp duty of around Rs 6 crore). Total land size is around 124 acres, of which around 60 acres is surplus. The proposed acquisition will help the company in diversification of its existing chemicals product line by adding new products. The acquisition is expected to get completed in the next two months.
Bodal Chemicals is an Integrated and Innovative company, offering end-to-end solution to its customers globally.
Company Name | CMP |
---|---|
Sudarshan Chemicals | 621.45 |
Bodal Chemicals | 78.35 |
Shree Pushkar Chem | 177.50 |
Kiri Industries | 360.80 |
Bhageria Industries | 172.95 |
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