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Godrej Industries Gains After Chemicals Arm Signs BTA

Jul 12, 2024

By: BlinkX Research Team

Godrej Industries rose 1.31% to Rs 904.25 after the company's chemicals division inked a business transfer agreement (BTA) with Shree Vallabh Chemicals Unit II, located in Kheda, Gujarat, to acquire its Ethoxylation Unit II. Shree Vallabh's Ethoxylation Unit II has a manufacturing capacity of 24,000 MTPA of finished products.
 

Key Takeaways from Godrej Industries Business Trade Agreement

• Godrej Industries rose 1.31% to Rs 904.25 after the company's chemicals business signed a business transfer agreement (BTA) with Shree Vallabh Chemicals Unit II located at Kheda, Gujarat to acquire its Ethoxylation Unit II.
• The deal is projected to cost roughly Rs 45 crore.
• Shree Vallabh's Ethoxylation Unit II is in Kheda, Gujarat, and has a manufacturing capacity of 24,000 MTPA of finished products.

The deal is projected to cost roughly Rs 45 crore. As a market leader in oleochemicals, surfactants, specialities, and biotechnology, this purchase will allow the firm to broaden its product offerings by adding Ethoxylation technology to its portfolio of process and batch technologies.
 

Vishal Sharma, Executive Director and Chief Executive Officer, Godrej Industries (Chemicals) said, ”Aligned with our commitment to growth and innovation, the proposed acquisition of the unit will aid us in expanding our offerings and also cater to new applications for our customers. By enabling us to accelerate the investment timeline, we are confident it will provide us with various cost synergies.”
 

About Godrej Industries (Chemicals) Limited

Godrej Industries (Chemicals) Limited is one of the Godrej Group's earliest businesses, founded in 1963. The company focuses on being a "Green chemistry" company committed to aiding the environment and creating a greener, more sustainable future. 

Today, Godrej Industries (Chemicals) is a significant provider of oleochemicals, surfactants, speciality chemicals, and biotech goods in India, focusing on sustainable feedstocks derived from vegetable oils. With a global presence in over 80 countries, the company develops business through sustainability, customer centricity, and chemistry based on renewable resources. Godrej Industries, which has two manufacturing locations in India (Maharashtra and Gujarat) and a cutting-edge R&D Center, specialises in supplying tailored solutions to fulfil unique applications and performance needs. 

Godrej Industries works in a variety of markets, including home and personal care, oil and gas, agrochemicals, pharmaceuticals, rubber, chemical and polymer intermediaries, lubricants, metalworking fluids, and others. The company is committed to responsible practices, which have gained us significant accolades and certificates that show our global market impact and popularity among suppliers and customers.

Read More About Godrej Industries Share Price Here!