Mahesh Singhi
Singhi Advisors Pvt. Ltd.
Mawana Sugars - Chemical Business
Deal Type
Company sale
Sector
Industrials
Completion Date
9th February 2021
Deal Value
Not disclosed
Company Background
Siel Chemical Complex (SCC) is a leading Chlor Alkali manufacturer in North India. It manufactures Caustic Soda (Flakes & Lye), Hydrochloric Acid, Stable Bleaching Power, Sodium Hypochlorite, Hydrogen and Liquid Chlorine. SCC is located in an Industrial Estate in Charatrampur, near Village,Khadauli/Sadargarh, Rajpura, District Patiala, Punjab. It has proximity to markets and is catering to the ever-growing requirement of agri-based paper and textile businesses. SCC has an installed capacity of 250 TPD of Caustic soda lye production with a provision to convert 100 TPD into Flakes. The quality of Flakes is amongst the best available.
Deal Summary
Advised by Singhi Advisors, Mawana Sugars sold it's non-core business of Chloe alkali to Gujarat based dye and dye intermediates major Bodal Chemicals. The transaction will enable Bodal Chemicals to enter the North Indian market and expand into chlorine and hydrogen downstream products.Bodal Chemicals is involved in the manufacture and export of dye intermediates, dyestuffs, and sulphuric acid and sulphur bulk chemicals.
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