Petrochemical
Phillips Carbon Black forms new subsidiary
Phillips Carbon Black Limited has today i.e., 12th October, 2020 subscribed to 10,000 equity shares of Rs. 10/- each, of the wholly owned subsidiary, PCBL (TN) Limited, for a total consideration of Rs. 100,000.
- By Pravin Prashant
| October 12, 2020
Phillips Carbon Black has incorporated a wholly owned subsidiary of the company, PCBL (TN).
Phillips Carbon Black Limited has today i.e., 12th October, 2020 subscribed to 10,000 equity shares of Rs. 10/- each, of the wholly owned subsidiary, PCBL (TN) Limited, for a total consideration of Rs. 100,000.
The initial paid up share capital of PCBL (TN) Limited is Rs. 100,000.
The parent company, Phillips Carbon Black Limited, a part of RP-Sanjiv Goenka Group, has a turnover of Rs. 3243 crores, and has four strategically located state‑of‑the‑art plants in India at Durgapur, Palej, Cochin and Mundra. The company is one the largest carbon black producer in India.
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