Manali Petrochem Sells Notedome For Rs 2.47 Billion

19 Nov 2025 CW Team

The sale forms part of Manali Petrochemicals’ strategic portfolio restructuring, allowing the company to sharpen its focus on its core polyols and derivatives business within the Indian market. Under the terms of the agreement, Manali Petrochemicals will continue to market its cast elastomers in India under a new trademark.

The acquisition strengthens C.O.I.M.’s international presence in the polyurethane systems sector and supports its strategy of expanding production and service capabilities across key European markets.

Mr Ashwin Muthiah, Chairman of MPL and Founder Chairman of AM International, Singapore, said the divestment aligns MPL’s portfolio with the organisation’s long-term strategy. He noted that reallocating capital, talent and R&D resources will enable MPL to concentrate on high-growth segments such as automotive, cold chain, construction, footwear and propylene glycol derivatives, while also providing the flexibility to pursue aligned global M&A opportunities.

Mr Giuseppe Librandi, CEO of C.O.I.M. S.p.A., commented that the acquisition is an important step in C.O.I.M.’s global growth strategy, enhancing its polyurethane systems business and strengthening its technological and production footprint in Europe. He added that Notedome’s expertise and strong reputation in cast elastomers complement C.O.I.M.’s portfolio and support further innovation.

Manali Petrochemicals Limited has completed the sale of its wholly owned step-down subsidiary, Notedome Limited, to C.O.I.M. S.p.A. – Chimica Organica Industriale Milanese – for a total consideration of approximately Rs 2.47 billion. The transaction, valued at around GBP 21.17 million, was finalised on 17 November 2025 after securing all necessary regulatory approvals. The Share Purchase Agreement for the divestment was announced on 20 October 2025. The sale forms part of Manali Petrochemicals’ strategic portfolio restructuring, allowing the company to sharpen its focus on its core polyols and derivatives business within the Indian market. Under the terms of the agreement, Manali Petrochemicals will continue to market its cast elastomers in India under a new trademark. The acquisition strengthens C.O.I.M.’s international presence in the polyurethane systems sector and supports its strategy of expanding production and service capabilities across key European markets. Mr Ashwin Muthiah, Chairman of MPL and Founder Chairman of AM International, Singapore, said the divestment aligns MPL’s portfolio with the organisation’s long-term strategy. He noted that reallocating capital, talent and R&D resources will enable MPL to concentrate on high-growth segments such as automotive, cold chain, construction, footwear and propylene glycol derivatives, while also providing the flexibility to pursue aligned global M&A opportunities. Mr Giuseppe Librandi, CEO of C.O.I.M. S.p.A., commented that the acquisition is an important step in C.O.I.M.’s global growth strategy, enhancing its polyurethane systems business and strengthening its technological and production footprint in Europe. He added that Notedome’s expertise and strong reputation in cast elastomers complement C.O.I.M.’s portfolio and support further innovation.

Infrastructure Urban

19 Nov 2025

Manoj Ceramic Reports Strong H1 Growth With Higher Margins

Manoj Ceramic Limited, a leading name in the ceramic and tiles sector, has announced its financial results for the half year ended H1 FY26, reporting strong performance driven by export growth, an expanded retail footprint, new product launches and enhanced digital customer engagement. The company’s performance was supported by steady traction across retail showrooms, institutional orders, an improved product mix, better supply chain turnaround and early contributions from global expansion initiatives. Financial Performance Total Revenue for H1 FY26 rose to Rs 816.2 million, up from Rs 66..

Infrastructure Energy

19 Nov 2025

TPREL Commissions NHPC’s 300 MW Solar Project in Rajasthan

Tata Power Renewable Energy Limited (TPREL), a key player in India’s renewable energy sector and a subsidiary of Tata Power, has successfully commissioned NHPC Limited’s flagship 450 MWp (DC) / 300 MW (AC) DCR-compliant solar power project in Karnisar Bhatiyan, Bikaner, Rajasthan, as the EPC contractor. Executed over two and a half years, the project underscores TPREL’s strong project management expertise and technical capability. Beyond the 300 MW NHPC project, TPREL is also contributing to Rajasthan’s evolving clean-energy landscape by supplying DCR-compliant cells and modules for S..

Infrastructure Transport

19 Nov 2025

Ameenji Rubber Strengthens Market Position With New Rail Orders

Ameenji Rubber Limited continues to reinforce its leadership in the rubber manufacturing sector through strong technical capability, product diversification and early adoption of new railway standards. The company’s growth is supported by robust infrastructure demand, regulatory approvals enabling access to high-value government projects, modernised production capacity and expanding exports. Product Leadership and Technical Strength Ameenji offers a wide and specialised product portfolio across infrastructure, railways and industrial applications. Its range includes elastomeric bridge bear..