Business Update1 May 2025, 05:41 pm
Birla Corporation Ltd Voluntarily Surrenders API License for Oil Well Cement
AI Summary
Birla Corporation Ltd has voluntarily surrendered the API MONOGRAM LICENSE Number 10A-0185, granted to its Cement Plant at Chanderia, due to no economic viability at present. The license was granted for using the official API Monogram on manufactured products viz. API Well Cement Class G at Grade(s) HSR. The withdrawal of the license will be effective from 30th April, 2025.
Key Highlights
- Birla Corporation Ltd has voluntarily surrendered its API MONOGRAM LICENSE Number 10A-0185
- The license was granted for using the official API Monogram on manufactured products viz. API Well Cement Class G at Grade(s) HSR
- The surrender is due to no economic viability at present
- The withdrawal of the license will be effective from 30th April, 2025
- There is no adverse impact or penalty applicable on the Company due to the voluntary surrender of the API License