Diamines and Chemicals’ board has considered and approved sale of assets / undertaking 2 wind power projects/windmills, K 495 & K 436 (1250 KW each) situated at Gut No. 97 Village Bhone, Taluka Nandurbar, District Nandurbar, Maharashtra and Gut No. 46/P of Village chakala, Taluka Nandurbar, District Nandurbar, Maharashtra respectively, on slump sale basis to Siva Electric Generation. The completion of the sale is estimated within 90 days from the effective Date that is March 31, 2022. The Business transfer will be effective from January 01, 2022.
The Turnover of Business undertaking for the year ended March 31, 2021 was Rs. 59.61 lakh representing 0.95% of total turnover of the company on a standalone basis. The Net worth of the Business undertaking proposed to be transferred for the year ended March 31, 2021 was at Rs 316.61 lakh representing 3.72% of the net worth of the company on a standalone basis after considering impairment provision of Rs 118.70 lakh on power Generation segment. The transfer of Business Undertaking will be done for a lumpsum consideration Rs 220 lakh. The Board of Directors of the company at their meeting held on December 28, 2021, approved the same.
Diamines and Chemicals has been the sole manufacturer of ethylene amines in Indian subcontinent.
Company Name | CMP |
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Tata Chemicals | 968.60 |
SRF | 2582.60 |
Pidilite Inds. | 2883.25 |
Aarti Inds | 441.05 |
Atul | 6749.90 |
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