Kheda: Godrej Industries Ltd announced on Monday that its chemicals business is set to acquire a facility of Shree Vallabh Chemicals located in Kheda with an estimated investment of Rs 45 crore.

According to its regulatory filing, “the Company’s Chemicals Business has signed a Business Transfer Agreement with Shree Vallabh Chemicals Unit II (Kheda) with the intention to acquire their Ethoxylation Unit II.”

The property is situated in Kheda, Gujarat, and Shree Vallabh Ethoxylation Unit II has a manufacturing capacity of 24,000 MTPA of finished products. The estimated amount to be invested will be around Rs. 45 crore. DeshGujarat