Specialty chemicals producer Clariant Chemical has got approval for the proposal of initiating sale of land at Kolshet, Thane. The company’s board of directors at its meeting held on July 16, 2013, has considered and approved the proposal. Meanwhile, cash-rich companies like Oberoi Realty, Piramal Realty and Lodha Developers, are reported as serious contenders in the fray.
Clariant has a chemical manufacturing unit on the Thane land parcel and is planning to relocate it to Gujarat once the land is sold off. Apart from monetizing the property, the factory’s proximity to other residential areas is another reason for this re-location.
Clariant Chemicals (India) represents a valuable repository of manufacturing and marketing experience. Its constituents were all well respected companies who played an invaluable role in the development of the textiles, leather, paints, plastics, printing inks and agrochemicals industries in India.
Company Name | CMP |
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Tata Chemicals | 1062.00 |
SRF | 2230.80 |
Pidilite Inds. | 2945.35 |
Aarti Inds | 666.35 |
Gujarat Fluorochemic | 3224.05 |
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