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    HomeNewsBusinessCompaniesAditya Birla Chem buys Jayshree Chemicals' unit for $35mn

    Aditya Birla Chem buys Jayshree Chemicals' unit for $35mn

    The company expects the acquisition to increase its total caustic soda capacity to about 355,000 tonnes per annum.

    September 09, 2014 / 15:53 IST
       
       
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      Aditya Birla Chemicals (India) Limited said on Monday it has acquired Jayshree Chemicals Ltd's caustic soda business for 2.12 billion rupees (USD 35.16 million).

      Jayshree's facility, located in the eastern Indian state of Odisha, has a capacity of about 57,000 tonnes per annum, Aditya Birla Chemicals said in a statement.

      The company, part of the USD 40 billion Indian conglomerate Aditya Birla Group, expects the acquisition to increase its total caustic soda capacity to about 355,000 tonnes per annum, and plans to fund the deal through internal accruals and debt.

      (USD 1 = Rs 60.2900)

      first published: Sep 9, 2014 08:30 am

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