Mawana Sugars Limited has completed transaction relating to sale and transfer of undertaking of Siel Chemical Complex (SCC) at Rajpura, Punjab to Bodal Chemicals on ‘As-is-Where-is-basis” by way of slum sale.  Accordingly, the chemical business of the Mawana Sugar Limited stands fully transferred to Bodal Chemical Limited with effect from March 31, 2021.  For this transaction, Mawana Sugars Limited will receive Rs. 137 crore subject to adjustments of net current assets and current liabilities of the undertaking.  Mawana Sugars Limited is engaged in manufacturing of sugar products – sugar, ethanol, co-generation and chemical products i.e. caustic soda and chlorine etc. whereas Bodal Chemicals is engaged in the business of manufacturing of dyes, dye intermediates and basic chemicals.

Caustic soda demand could exceed global capacity in the latter half of this decade. That’s what analysis of trends versus current and future capability indicates, says Tecnon OrbiChem chlor-alkali market expert Hira Saeed. The potential for shortfall will largely depend on the severity of the downturn in global economic activity predicted – and later outlined in more detail – by the International Monetary Fund. The main problems within the chlor-alkali sector in 2022 revolve around the high price of caustic soda in Europe due to the natural gas and electricity price hikes. ‘In Q2, due to high export prices out of Europe, very few deals have been concluded but this has begun to improve lately as European exporters have reduced prices in order to be competitive,’ says Saeed. The continuance of high freight costs and delays are among the obstacles to successful export strategies.  Source: Tecnon OrbiChem The dotted yellow line in the graph above shows plants running at ...