By: ICN Bureau
Last updated : March 11, 2024 8:18 pm
Shivalik Rasayan receives Licenses to start manufacturing at the newly built agrochem plant
India Glycols increases bio-ethanol manufacturing capacity at Kashipur plant
India Glycols Limited has successfully added further capacity of 270 KLPD to the existing Bio-Fuel Ethanol plant (Ethanol to Biofuel conversion) at Kashipur (Uttarakhand). Accordingly, the enhanced capacity of the Biofuel Ethanol plant (Ethanol to Biofuel conversion) at Kashipur (Uttarakhand) now stands at 410 KLPD and is fully commissioned.
Shivalik Rasayan receives Licenses to start manufacturing at the newly built agrochem plant
Shivalik Rasayan Limited has all required Licenses to start manufacturing at the newly built Agro-Chemical Plant are now. The trial batches for P.G. Easter, Azoxystrobin, Pymetrozine has been taken successfully. The commercial productions shall start from April, 2024.
Sudarshan Chemical Industries in-principle approves restructuring of overseas subsidiaries
The Board of Sudarshan Chemical Industries has recently accorded its in-principle approval for restructuring of its overseas subsidiary structure by way of: (a) sale of entire investment held by the Company (in the form of Equity Shares) in Sudarshan Japan Limited (also known as Sudarshan Japan K. K.), wholly owned Subsidiary of the company to Sudarshan Europe B.V., other Wholly Owned Subsidiary of the company; (b) sale of entire investment held by the company (in the form of Equity Shares) in Sudarshan (Shanghai) Trading Company, wholly owned Subsidiary of the Company to Sudarshan Europe B.V., other Wholly Owned Subsidiary of the company.
Pursuant to the aforesaid transactions, Sudarshan Japan and Sudarshan (Shanghai) Trading Company would cease to be direct Subsidiaries of the Company and will become Step-Down Subsidiaries of the company.
Vinati Organics Limited
Vinati Organics Limited has subscribed to the additional 4, 98,95,000 fully paid-up equity shares of the face value of Rs. 10 each at par, amounting to Rs. 49,89,50,000 by way of subscription towards the rights issue of Veeral Organics Pvt. Ltd., a wholly owned subsidiary, the shares rank pari-passu to existing Equity Shares of the Company.