Godrej Industries’ Chemicals Business to Acquire Shree Vallabh Chemicals’ Ethoxylation Unit II

On July 08, 2024, Godrej Industries announced via a stock exchange filing that its Godrej Industries (Chemicals) (one of the oldest businesses of the Godrej Group) signed a Business Transfer Agreement to acquire Shree Vallabh Chemicals’ Ethoxylation Unit II in Kheda, Gujarat. This unit has a manufacturing capacity of 24,000 MTPA of finished products.

As a key player in oleochemicals, surfactants, specialities, and biotech, this acquisition will enable Godrej Industries Limited to broaden its product range by incorporating ethoxylation technology into its existing process and batch technologies. The estimated Investment is approximately ₹45 crore.

Vishal Sharma, Executive Director and Chief Executive Officer of Godrej Industries (Chemicals) said, ”Aligned with our commitment to growth and innovation, the proposed acquisition of the unit will aid us in expanding our offerings and also cater to new applications for our customers. By enabling us to accelerate the investment timeline, we are confident that it will also provide us with various cost synergies.”

About Godrej Industries (Chemicals)

Godrej Industries (Chemicals), one of the oldest businesses of the Godrej Group, was established in 1963. Focused on “Green chemistry,” the company is dedicated to environmental sustainability and a greener future. It is a leading provider of oleochemicals, surfactants, speciality chemicals, and biotech products in India, primarily using renewable feedstocks from vegetable oils. It operates in various sectors, including home and personal care, oil and gas, agrochemicals, pharmaceuticals, rubber, chemical and polymer intermediaries, lubricants, and metalworking fluids.

About Godrej Industries Ltd

Godrej Industries Ltd, a holding company within the Godrej Group, engages in finance and investment, chemicals, and real estate. It was founded in 1988 as The Soaps Ltd. It operates across various sectors, including animal feeds, crop protection, dairy, vegetable oils, chemicals, finance, and investments. Its chemical segment produces and markets surfactants and oleochemicals, while the animal feed segment deals with products such as fish and cattle feed. The vegetable oil segment includes refined vanaspati, oil palm plantations, and international vegetable oils.

On July 8, 2024, Godrej Industries Limited’s share price opened at ₹902.00, touching the day’s low of ₹916.45 as of 02:57 PM on the NSE.

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