19 November 1998: According to a recent press report, Birla VXL of India is planning to hive off Saurashtra Chemicals, its chemical division into a separate company.
Saurashtra Chemicals manufacture…
19 November 1998: According to a recent press report, Birla VXL of India is planning to hive off Saurashtra Chemicals, its chemical division into a separate company. Saurashtra Chemicals manufactures soda ash and accounted for 47.5% to the company“s total turnover of Rs 5.85 billion in 1997-1998 (15 months ended June 1998). The demerger is scheduled to be functional with retrospective effect from 1 July 1998. The division posted a turnover of Rs 2.779 billion for 15 months ending June 1998 (turnover of Rs 2.722 billion in 1996-1997). Birla VXL, a flagship company of the S K Birla Group enjoys a share of 18% in the soda ash market.