Comments
Chemicals and pharma manufacturer Aarti Industries on Sunday said its board has given an in-principle approval for the merger of the manufacturing division of Anushakti Chemicals and Drugs with it.
Anushakti Chemicals is an associate company of Aarti with 49.67 per cent stake, and is into manufacturing of various speciality chemicals with applications into end-user segments of performance chemicals, agrochemicals and pharmaceuticals.
The company has its manufacturing units at Bhachau in Gujarat, Tarapur and Dombivali near Mumbai, Aarti said in a statement.
In FY2011-12, Anushakti posted profit-before tax of Rs 39.2 crore on a turnover of Rs 339.5 crore out of which exports stood at Rs 99.2 crore.
For the same period, Aarti reported revenue of Rs 165 crore and exports of Rs 96.3 crore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.