Page 126 - CW E-Magazine (19-8-2025)

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CHLORINE DERIVATIVES
Shivtek acquires land from Bodal Chemicals at Rajpura

for new facility

Shivtek Spechemi Industries Ltd., a
Gurugram-based speciality chemicals
manufacturer and a part of the Shiva
Group of Industries, has signed a Memo-
randum of Understanding (MoU) with
Bodal Chemicals Ltd., for acquiring
approximately 8 acres of land from
Bodal Chemicals in Rajpura, Punjab,
for establishing a new speciality chemi-
cals manufacturing facility.

Shivtek said it will invest
Rs. 50-crore towards the land acquisition
and the development of the new plant. “The MoU supports our chlorine company’s website, the Shiva Group
off take via a safe and sustainable pipe- of Industries manufactures plasticisers,
The proposed facility will operate line, ensures uninterrupted operations, paint additives, solvents, rust preventive
adjacent to Bodal’s existing chemical and strengthens our long-term growth oils, lubricant additives and textile oils.
plant in Rajpura, allowing for a direct path. This collaboration was less about
chlorine pipeline supply, signifi cantly land monetisation and more about In April this year, the company
enhancing supply chain effi ciency, ope- synergy between two progressive chemi- had announced plans to invest
rational safety, and reducing carbon foot- cal companies,” noted Mr. Ankit Patel, Rs. 650-crores to set up new manufac-
prints. The plant will focus on producing Executive Director, Bodal Chemicals. turing units in Gujarat and Rajasthan.
chlorinated paraffi n, chlorinated poly- The company had said the upcoming
ethylene (CPE), and green plasticisers. The commissioning of the new plants would collectively add a capacity
plant will depend on requisite clearances of 500,000-mtpa, raising Shivtek’s total
Speaking about the acquisition, from the Ministry of Environment, capacity to 650,000-mtpa from its
Dr. Amitt Nenwani, Managing Director, Forest and Climate Change (MoEF), current 150,000-mtpa across three
Shivtek Spechemi, said, “Rajpura is a with operations expected to begin by operational plants in Dahej (112,800-
strategic choice for Shivtek. Not only end of 2026 or Q4 FY27. mtpa), Kurnool, Andhra Pradesh
does it off er strong demand potential in (22,800-mtpa), and Rajpura, Punjab
the region, but its proximity to Bodal’s As per information available on the (14,400-mtpa).
chlorine facility will allow us to re- Coromandel completes acquisition of NACL
duce logistics costs, carbon emissions,
and enhance sustainability. This plant Coromandel International, the agri Srinivasan, Executive Vice-Chairman
marks the fi rst phase of our multi-stage input services arm of the Murugappa of Coromandel International, as its
expansion. The 8-acre land parcel has group, has completed the acquisition Chairman. Mr. S. Sankarasubramanian,
been acquired not just for the current of a 53 percent stake in agrochemicals Managing Director and CEO of Coro-
facility but also to accommodate future fi rm, NACL Industries Ltd. The ongoing mandel, has joined the NACL board as
expansions”. open off er for the acquisition of an a non-Executive Director. The board
additional 26 percent stake from public has also appointed Mr. Raghuram
For Bodal Chemicals, the deal shareholders remains in process. Devarakonda as Managing Direc-
not only optimises land use but also tor and CEO of NACL. Prior to this
secures a consistent, proximate buyer Consequent to the acquisition of the appointment, Mr. Raghuram worked as
for chlorine, a byproduct of its caustic controlling stake, the board of NACL Executive Director (Crop Protection,
soda operations, thus reducing storage Industries has been reconstituted with Bio Products and Retail businesses) of
risk and improving plant utilisation. the appointment of Mr. Natarajan Coromandel.

126 Chemical Weekly August 19, 2025

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