New Launch29 May 2025, 09:41 pm
Himadri Speciality Chemical Ltd Commences Commercial Production at Birla Tyres Limited's Balasore Tyre Facility
AI Summary
Himadri Speciality Chemical Ltd, in a joint venture with Dalmia Bharat Refractories Limited, has started commercial production at the Balasore tyre facility of Birla Tyres Limited. The production commenced on May 29, 2025, following the approval of the resolution plan for the acquisition of Birla Tyres Limited by the National Company Law Tribunal, Kolkata Bench under the Corporate Insolvency Resolution Process in terms of the Insolvency and Bankruptcy Code, 2016.
Key Highlights
- Himadri Speciality Chemical Ltd and Dalmia Bharat Refractories Limited have jointly commenced commercial production at Birla Tyres Limited's Balasore tyre facility.
- The production start date is May 29, 2025.
- The acquisition of Birla Tyres Limited by Dalmia Bharat Refractories Limited and Himadri Speciality Chemical Ltd was approved by the National Company Law Tribunal, Kolkata Bench under the Corporate Insolvency Resolution Process in terms of the Insolvency and Bankruptcy Code, 2016.