Home » Financial Market, India, Manufacturing & Industry, Marketing & Sales, News & Current Affairs » BODAL CHEMICALS LTD. ENTERS INTO HIGH MARGIN SPECIALITY CHEMICALS BUSINESS BY TAKING MAJORITY STAKE IN TRION CHEMICALS PVT. LTD

Ahmedabad – August 18, 2015 – Bodal Chemicals Ltd. (BCL) is a one of the leading manufacturer of Dyestuffs, Dye Intermediates and Basic Chemicals. It is the most integrated Dyestuff manufacturing company of India.

Considering the future growth requirements and as a part of diversification strategy of the company, BCL has identified the business space for exploiting the opportunities for diversification by making investments in other chemical Company, namely TRION CHEMICALS PRIVATE LIMITED.

To exploit said business, Bodal is investing about Rs. 15 crores for taking stake in Trion Chemicals Pvt. Ltd. (TCPL) and will become the single majority stake holder. TCPL was incorporated in the year 2013 and ready with various required approvals for a project falling under the head of specialty chemicals having good export potential. It will be kind of first project in the India.

Project construction work has just started and expected to start commercial production by July 2016.  At the optimum capacity utilization level it will be able to generate turnover of about Rs. 240 Crore. It will add wealth to the business of the company as well as wealth of the shareholders of the company.  

Background

Bodal Chemicals Ltd is amongst India’s leading manufacturer of Dyestuffs, Dye Intermediates and Basic Chemicals. Bodal Chemicals has capacity of manufacturing over 25 varieties of Dye Intermediates and around 150 variants in Dyestuff which are principally used as raw materials in Textile, Leather, Paper & other Dye consuming industries. Out of total production about 40% is export to more than 35 countries across the world. Major areas of export cover Europe, South Asia and Asia Pacific countries etc.

For more details visit our website www.bodal.com

Media Contact
Company Name: Bodal Chemicals Ltd.
Contact Person: Mayur Padhya, Chief Financial Officer
Email: mayur@bodal.com
Phone: 9925455566, 25835437, 25834223
Address:Plot No. 123, 124, Phase 1, GIDC, Vatva
City: Ahmedabad
State: Gujarat
Country: India
Website: www.bodal.com

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