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India Glycols dips 9% on forming JV with Clariant for BioEO biz


Shares of India Glycols, on Friday, slipped 9 per cent to Rs 529; falling 13 per cent from day’s high, on the BSE in intra-day trade after its board approved the transfer of the company s BioEO (speciality chemicals) business to IGL Green Chemicals Private Limited (IGCPL), a wholly owned subsidiary. BioEO accounted for 12.85 per cent of the total revenue and 26.20 per cent of the total net-worth of India Glycols, as on March 31, 2020.
The commodity chemicals company s stock hit a 52-week high of Rs 610 in intra-day trade. Despite today’s fall, it has outperformed the market by surging 77 per cent in the past three months, against 11 per cent rise in the S&P BSE Sensex. ....

Sri Lanka , Green Chemicals Private Limited , Clariant India Ltd , India Glycols , Chemicals Private Limited , Bio Ethylene Oxide , Consumer Specialties , India Glycols Share Price , Slump Sale , Speciality Chemicals , Igl Green Chemicals , ஸ்ரீ லங்கா , பச்சை இரசாயனங்கள் ப்ரைவேட் வரையறுக்கப்பட்டவை , கிளாரியண்ட் இந்தியா லிமிடெட் , இரசாயனங்கள் ப்ரைவேட் வரையறுக்கப்பட்டவை , நுகர்வோர் சிறப்பு , சிறப்பு இரசாயனங்கள் , இகல் பச்சை இரசாயனங்கள் ,

Swiss chemical company Clariant AG forms JV with India Glycols


Swiss chemical company Clariant AG forms JV with India Glycols
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As per the terms of the agreement, India Glycols will contribute its renewable Bio-EO derivative business to the JV, which includes a multipurpose production facility including an alkoxylation plant located in Kashipur, Uttarakhand.
Clariant, spun off from pharmaceutical giant Sandoz in 1995, will be the dominant shareholder but the JV will be helmed by India Glycols CMD Uma Shankar Bhartia.
Swiss chemicals major Clariant AG has formed a 51:49 joint venture with Bhartia family-promoted
India Glycols to manufacture and market renewable ethylene oxide (EO) derivative products.
EO derivatives are a class of chemicals that have multiple industrial and consumer applications ranging from freezing agents and coolants for automobile engines to cosmetics. ....

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Clariant and India Glycols form JV for renewable ethylene oxide derivatives - Chemical Engineering

Clariant and India Glycols form JV for renewable ethylene oxide derivatives - Chemical Engineering
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