Rhodia Specialty hands over the possession of Ambarnath factory land to Reliable Spaces

30 Oct 2012

Rhodia Specialty Chemicals India, with respect to the pact signed for the transfer of lease rights of Ambernath factory land with Reliable Spaces, receiving balance consideration has executed necessary documents, thereby handing over the possession of the land to latter.

The Company entered into an Agreement with Reliable Spaces for transfer of lease rights of the land admeasuring 26 acres, situated at MIDC, Ambernath, Thane, Maharashtra, for a total consideration of Rs 37 crore. Meanwhile, an initial amount of Rs 3.70 crore has been received by the company during April, 2012.

Rhodia Specialty Chemicals manufactures and distributes acids and industrial phosphates, including sodium tripoly phosphate and active sulphonates; processing of linear alkyl benzene sulphonic acid.

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