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Shrey Chemicals set aside plans of diversification from core business

08 Jan 2013 Evaluate

Shrey Chemicals has set aside its plans of diversification from core business and will be concentrating on core business i.e., chemical. Considering the current market scenario, the company has taken this step. The board, at its meeting held on January 07, 2013 has also approved for the same.

The board has also approved, as there are no plans for diversification of business, that there is no need to augment funds to venture in to new business.

Shrey Chemicals is presently engaged in the business of manufacturing aluminium chloride with an installed capacity of 960 TPA at its factory site at Gujarat.

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