Ganesh Benzoplast demerges chemical business
Mumbai-based Ganesh Benzoplast has decided to restructure and reorganise the company with the demerger of the chemical business. It has also segregated both the divisions -- Chemical and LST business – by demerger. As both the divisions have totally different synergies, the demerger will ensure greater focus to the operation of each of the divisions and enhance profitability and generate maximum shareholder value. Ganesh Benzoplast Ltd (GBL) is a public limited company, having two divisions, one being Liquidity storage Terminal division (LST) which is related to providing conditioned storage facilities (Liquidity storage Terminal division – LST) for bulk liquids and chemicals at JNPT, Cochin and Goa, In LST division, the Company has a combined storage capacity of more than 3,00,000 KL, for storage of all types of Liquid Products. And Chemical division which is related to manufacturing, export and import of premium range of speciality chemical, food preservati...