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Time of India
12-06-2025
- Business
- Time of India
DCM Shriram to acquire specialty chemicals firm for Rs 375 crore to enter advanced materials segment
DCM Shriram Ltd on Thursday said its board has approved a definitive agreement to acquire Hindusthan Specialty Chemicals Ltd (HSCL) for Rs 375 crore, marking its strategic entry into the advanced materials segment . The acquisition of the unlisted subsidiary of Hindusthan Urban Infrastructure Ltd is subject to regulatory and customary approvals, DCM Shriram said in a statement. HSCL operates a production facility in Jhagadia, Bharuch district, Gujarat, spanning 43 acres and located 3.5 km from DCM Shriram's existing chemicals complex. The proximity is expected to create operational synergies, it added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo The target company reported revenue of over Rs 274 crore in 2024-25, with liquid epoxy resin capacity exceeding 17,000 tonnes per annum. Its product portfolio includes liquid epoxy resins, hardeners, reactive diluents, solvent cuts, and formulated resins for aerospace, electronics, renewable energy, electric vehicles, defence, and composites sectors. "This acquisition is a pivotal step in our chemicals growth strategy and a catalyst for DCM Shriram's entry into advanced materials," its Chairman and Senior Managing Director Ajay Shriram and Vice Chairman & Managing Director Vikram Shriram said in a joint statement. Live Events The deal builds on DCM Shriram's February 2024 commitment to invest Rs 1,000 crore in establishing its Epoxy and Advanced Materials business under its Chemicals Strategic Business Unit.
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Business Standard
12-06-2025
- Business
- Business Standard
DCM Shriram to acquire Hindusthan Speciality Chemicals for ₹375 crore
DCM Shriram on Wednesday said its Board of Directors has approved the acquisition of a 100 per cent equity stake in Hindusthan Speciality Chemicals Limited (HSCL) for ₹375 crore. DCM Shriram plans to pay ₹375 crore in one or more tranches, subject to adjustments in the terms of definitive agreements. The agreements for the acquisition were approved at the board meeting held on 12 June 2025, and the transaction is expected to be completed by September 2025, subject to regulatory and shareholder approvals. The acquirer operates across chemicals, agri-rural, and value-added businesses. HSCL, headquartered in Bharuch, Gujarat, operates in the epoxy and advanced materials segment. The company is engaged in the manufacturing and distribution of solid and liquid epoxy resins, reactive diluents, formulated epoxy resins and curing agents. HSCL was incorporated on 11 July 2003. 'No major governmental or regulatory approvals are required for the said acquisition, except certain approvals from local industrial and other authorities. As the target entity is a material subsidiary of Hindusthan Urban Infrastructure Limited (HUIL), a company listed on BSE Ltd, the sale of shares by HUIL would require approval of its shareholders by way of special resolution in terms of Listing Regulations,' DCM Shriram stated. 'We believe HSCL's proven technology, strong customer base, and strategic location will provide a solid foundation to scale this business rapidly'' Shriram added. Financial performance For the financial year 2024–25, HSCL has reported an unaudited turnover of ₹273.8 crore and had a paid-up share capital of ₹144.6 crore. The company has faced continued losses over the past three years. It posted a net loss (PAT) of ₹28.3 crore in FY25, ₹32.8 crore in FY24 and ₹47.5 crore in FY23. Profit before depreciation, interest and taxes (PBDIT) also remained negative during this period, indicating ongoing operational challenges. The net worth of the company as on 31 March 2025 stood at negative ₹76.1 crore, based on unaudited financials.
The Print
23-05-2025
- Business
- The Print
Chemical major Himadri picks up 16 pc stake in US battery firm
'This marks a significant milestone for Himadri as it initiates the commercial deployment of its LFP cathode active and anode materials,' it said. The investment will also provide HSCL with representation on IBC's board, the company said in a statement. Kolkata, May 22 (PTI) Himadri Speciality Chemical Ltd (HSCL) on Thursday said it has made a strategic investment of USD 4.43 million to acquire a 16.24 per cent stake in US-headquartered International Battery Company Inc (IBC). IBC has prismatic cell technologies for energy storage and mobility applications across global markets. It currently operates a 50 MWh lithium-ion battery cell facility in South Korea, which commenced production in 2023. Additionally, IBC is developing a Gigafactory in Bengaluru through its joint venture with Mahanagar Gas Ltd (MGL), a subsidiary of GAIL. The JV, IBC India Pvt Ltd, is 44 per cent owned by MGL, and the gigafactory is expected to commence operations by the fourth quarter of FY'26, the statement added. PTI BSM BDC This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Irish Examiner
23-04-2025
- General
- Irish Examiner
Teachers at schools in disadvantaged areas rate educational facilities as 'very poor'
Nearly four times as many teachers at schools in disadvantaged areas say their educational facilities are 'very poor' compared with educators in non-disadvantaged institutions. A survey of teachers on the benefits and drawbacks of Deis schools — those in receipt of additional funding as a means of counteracting their material disadvantages — found they believe those institutions are seen as 'non-academic' or inferior, a situation which leads to difficulties recruiting teachers due to the perceived associated stigma. The survey, commissioned by the Teaching Union of Ireland and presented at its annual conference, showed just under a third of teachers in Deis facilities would rate their general school facilities as either poor or very poor, as compared with 24.5% of teachers in non-Deis schools. Some 10% of respondents in Deis institutions said the standard of facilities in their schools were very poor, compared with just 2.8% of non-Deis educators. Despite this, workers in Deis schools showed similar levels of job satisfaction to their non-Deis counterparts, and gave more varied responses to such queries, describing their work as both rewarding and challenging. The survey of 276 teachers and school leaders in secondary schools described the perceived advantages of Deis status, such as increased funding, special food programmes, and student retention supports. More than 70% of the teachers said Deis as a programme improved opportunities for further education, with 62% of the opinion it increased the chances of students going on to higher education. In particular the home school community liaison (HSCL) resource was noted as being a "highly valued" resource, which 'fosters relationships between families, schools and communities to support student engagement'. Some 55% of respondents rated HSCL resources as being either good or excellent, with the noted caveat HSCL teachers risk burnout due to the highly-pressurised nature of their jobs, particularly in large schools. The survey said on the perceived stigma attached to Deis schools that teachers believe 'these stereotypes harmed students' confidence and work ethic' and 'misunderstandings' of the Deis system deterred some parents from engaging with it. The survey suggested there was strong support for a tiered, needs-based system seeing greater financial supports afforded to schools experiencing higher levels of disadvantage. It further suggested student-teacher ratios should be either enforced or re-examined, and the 'burden' of paperwork on teachers in Deis schools should be reduced. Slightly more Deis teachers, 57%, believed their student-teacher ratios were too high, with the majority of respondents indicating they taught classes with an average of between 20 and 25 students. The issue of ratios was broached by TUI president David Waters in his speech to the conference. He said 'our class sizes are too large, and teachers' workload is too demanding'. Education minister Helen McEntee also addressed Deis in her speech to the conference, stating her intention to 'implement a new plan to tackled educational disadvantage' in 2025, with a new Deis plus scheme to be introduced to 'target the most disadvantaged areas and students'. Read More Second teachers' union votes unanimously for potential industrial action over Leaving Cert reforms
