Aditya Birla Chemicals buys Jayshree Chemicals' unit for Rs 212 cr

Aditya Birla Chemicals (India) Ltd said on Monday it has acquired Jayshree Chemicals' caustic soda business for Rs 212 crore ($35.16 million).

Jayshree's facility, located in Odisha, has a capacity of about 57,000 tonnes per annum, Aditya Birla Chemicals said in a statement.

The company, part of the $40 billion Aditya Birla Group, expects the acquisition to increase its total caustic soda capacity to about 355,000 tonnes per annum, and plans to fund the deal through internal accruals and debt.

($1 = Rs 60.2900)
 
(Reuters)