Bodal Chemicals has received approval for equity investment of Rs 41 million in S P S Processors, a company engaged in manufacturing of dye intermediates. BCL will hold 70% equity stake in S P S Processors after this investment.
BCL will also provide unsecured loan of about Rs 450 million to S P S Processors to make it debt free Company by retiring its existing total debt and also for expansion of its manufacturing capacities. The board of directors at its meeting held on March 20, 2017 has approved for the same.
Bodal Chemicals is an Integrated and Innovative company, offering end-to-end solution to its customers globally. The company is among world’s largest manufacturer and exporter of Dyes Intermediate, Dyestuff and Sulphuric Acid, with vertically and horizontally integrated who provides product solutions and service solution on fastest possible route to their customers.