India Glycols rejigs business, eyes strong growth potential
India Glycols was established as a mono-ethylene glycol plant in 1983 and is now manufacturing green technology-based bulk, specialty, and performance chemicals and natural gums, spirits, industrial gases, sugar, and nutraceuticals. The company’s integrated facilities manufacture chemicals such as glycols, ethoxylates, glycol ethers and acetates, and various performance chemicals. The product range spans spirits, chemicals, guar gum, herbal and other phytochemical extracts, and industrial gases finding application across an increasing number of industries. The management of India Glycols Ltd has recently announced that it is entering into a composite scheme of arrangement to restructure the company. The promoter family will be merging Kashipur Holding Ltd with India Glycol Ltd and pursuant to the merger, the promoters would be directly holding shares in India Glycol Ltd . Simultaneously, there will be a demerger of the Potable Spirits and Bio fuel and Bio Pharma business into respective companies— IGL Spirits Ltd and Ennature Pharma Ltd respectively.