Indo Amines has received an approval to raise Term Loan of Rs 6.8 crore for Baroda Capex project. The board of director at its meeting held on August 05, 2016 has approved for the same.
In July, the company had acquired 100% stake in Classic Oil pursuant to which Classic Oil had became wholly owned subsidiary of the company.
Indo Amines manufactures various types of fatty amines, amine derivatives that are used by various industries for direct application. Its products also have specialized process application for various industries and their processes.