Monday, 2 September 2013

Aditya Birla Chemicals acquires CA&P Division of SCIL for Rs 153 crore

Aditya Birla Chemicals (India) (ABCIL) has acquired the Chlor-Alkali & Phosphoric Acid Division from Solaris Chemtech Industries on September 01, 2013 and henceforth the said division is part and unit of the company and has been named as Aditya Birla Chemicals (India) - Karwar Chemical Division.

The company had earlier on May 31, 2013 received an approval for acquisition of the Chlor-Alkali & Phosphoric Acid Division (CA&P Division) of Solaris Chemtech Industries (SCIL) for a cash consideration of Rs 153 crore.

Aditya Birla Chemicals (India) is a leading Chlor Alkali company with a caustic soda capacity of 242,725 tpa capacity. The company manufacturers various chlorine derivatives as value added products.

SCIL is a closely held unlisted company having its registered office in New Delhi.

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