8 September 2014
ABOUT ADITYA BIRLA CHEMICALS (INDIA) LIMITED
ABOUT JAYSHREE CHEMICALS LIMITED
Details
The Board of Directors of
Aditya Birla Chemicals (India) Limited (“ABCIL”),
a company of the Aditya Birla Group,
today approved the acquisition of
the Chlor-Alkali Division (“CAD Division”) of
Jayshree Chemicals Limited (“JCL”)
for a cash consideration of Rs.212 crore.
This transaction takes ABCIL to a higher growth trajectory.
CAD is an environment friendly and
energy efficient membrane cell facility
located at Ganjam, Odisha and
also has about 1,600 acres of salt works in Andhra Pradesh.
The current capacity of the facility is
about 57,000 tonnes per annum.
CAD is cost competitive,
driven by strengths of the latest state-of-the-art technology.
JCL’s revenue for the year ended 31 March 2014
stood at Rs.136 crore. With this acquisition,
the total caustic soda capacity of ABCIL
will increase to about 3,55,000 tonnes per annum.
Mr. Kumar Mangalam Birla,
Chairman of the Aditya Birla Group,
“The acquisition is strategic and further strengthens our position
in the Chlor-Alkali Business. It will take our Chlor-Alkali Business
on a higher growth trajectory.
The acquisition solidifies the Group’s position
as the country’s largest producer of Chlor-Alkali and
bolsters caustic soda supply, which is a critical input
for the Aluminium Business.
The Business has potential for future growth.”
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