Sigachi Industries, which saw bumper listing, bags LoI from Grasim

Sigachi Industries got a bumper listing and secured number one position in 2021 with a gain of 270%

Sigachi Industries said that it has received an LoI from Grasim Industries (Aditya Birla Group) for operations and management (O&M) Services.

In a regulatory filing made during market hours on Friday, the company said that it has received a Letter of Intent from Grasim Industries (Aditya Birla Group), for the operations and management of the three chlorine product plants - SBP-48 TPD, CPW-30 TPD & MCAA-20TPD.

The agreement shall be for an amount of Rs 20 crore and will be valid for a period of 3 years, the company said.

Sigachi Industries manufactures chlorinated paraffin and hydrochloric acid. It also manufactures manufacture microcrystalline