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Himadri Chemicals to divest stake in carbon black business

Wednesday, 12 Sep 2012
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Himadri Chemicals and Industries (HCIL) is likely to offload stake partly or fully in its non-core carbon black business based at Singur in West Bengal.

Himadri is demerging its carbon black unit, and the 20 MW co-generation power plant, to a wholly owned subsidiary. The restructuring is expected to achieve synergy and rationalise financial strength and flexibility, apart from streamlining current activities.
 
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