BSE Code - 500057
Face value - Rs 10.00
Group - BSE 'B'
Shareholding pattern - (a)Promoters - 56.31%
(b)Institutions - 18.73%
(c)Non-Institutions - 24.96%
One year High-Low - Rs 313.00 - Rs 78.05
Aditya Birla Chemicals (India) (ABCIL) has received an approval for acquisition of Chlor-Alkali Division (CAD Division) of Jayshree Chemicals (JCL) for a cash consideration of Rs 212 crore. This transaction will take the company to a higher growth trajectory.
CAD is an environment friendly and energy efficient membrane cell facility located at Ganjam, Odisha and also has about 1600 acres of salt works in Andhra Pradesh. The current capacity of the facility is about 57,000 tons per annum. CAD is cost competitive, driven by strengths of the latest state of the art technology.
JCL’s revenue for the year ended March 31, 2014 stood at Rs 136 crore. With this acquisition, the total caustic soda capacity of ABCIL will increase to about 355,000 tons per annum.
Aditya Birla Chemicals (India) is one of the leading chlor-alkali manufacturing companies in India and is part of the chemicals business of the Aditya Birla group.
Currently stock trading at Rs 305.15, up by 14.10 points from its previous closing of Rs 291.05 on the BSE.
Face value - Rs 10.00
Group - BSE 'B'
Shareholding pattern - (a)Promoters - 56.31%
(b)Institutions - 18.73%
(c)Non-Institutions - 24.96%
One year High-Low - Rs 313.00 - Rs 78.05
Aditya Birla Chemicals (India) (ABCIL) has received an approval for acquisition of Chlor-Alkali Division (CAD Division) of Jayshree Chemicals (JCL) for a cash consideration of Rs 212 crore. This transaction will take the company to a higher growth trajectory.
CAD is an environment friendly and energy efficient membrane cell facility located at Ganjam, Odisha and also has about 1600 acres of salt works in Andhra Pradesh. The current capacity of the facility is about 57,000 tons per annum. CAD is cost competitive, driven by strengths of the latest state of the art technology.
JCL’s revenue for the year ended March 31, 2014 stood at Rs 136 crore. With this acquisition, the total caustic soda capacity of ABCIL will increase to about 355,000 tons per annum.
Aditya Birla Chemicals (India) is one of the leading chlor-alkali manufacturing companies in India and is part of the chemicals business of the Aditya Birla group.
Currently stock trading at Rs 305.15, up by 14.10 points from its previous closing of Rs 291.05 on the BSE.
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