Page 59 - Plastics News - April 2026
P. 59
BUSINESS NEWS
ORGANIC RECYCLING BUYS CHEMICAL FIRM
FOR ₹14.83 CR TO EXPAND GREEN SECTOR
responsible chemical products.This move aligns
with global trends towards sustainable materials
and a circular economy. It could open new rev-
enue streams and enhance ORSL's overall envi-
ronmental service offerings.
Organic Recycling Systems (ORSL) acquired Recent Company Developments
chemical trading firm Industrial Associate for
`14.83 Crores. The move strengthens ORSL's ORSL has been active in expanding its bioenergy
green chemicals business and circular economy and environmental solutions portfolio. In Febru-
efforts, leveraging Industrial Associate's net- ary 2026, it signed an MoU with SLPP Re-New
work to promote eco-friendly products. LLP to enhance its Compressed Bio-Gas (CBG)
rganic Recycling Systems Limited solutions and secured a large EPC contract for a
(ORSL) acquired Industrial Associate, a CBG project in Madhya Pradesh valued between
Ochemical trading firm, for `14.83 Crores. `50-100 Crores.Earlier in February 2026, its Re-
The deal, finalised in January 2026, sees ORSL search & Innovation Centre received NABL ac-
acquiring a 99.99% stake. creditation, enabling third-party testing services
and technology validation. The company also
Industrial Associate operates in chemical trading completed an IPO on the BSE SME platform in
and distribution, with a presence in Maharashtra September 2023, raising capital for its growth
and Gujarat. The company reported revenues of initiatives.
`51.90 Crores and a net profit of `0.58 Crores in Key Changes and Synergies
the fiscal year ending March 2025. This acqui-
sition aims to bolster ORSL's green chemicals Expanded Business: ORSL diversifies into chem-
and sustainable materials business, reinforcing ical trading, focusing on green and sustainable
its commitment to circular economy solutions products.
within industrial chemical supply chains.
Leveraged Network: ORSL gains access to In-
Why It Matters dustrial Associate's distribution network and
market presence in key states.
The acquisition marks a significant step for ORSL,
known for its waste management and bioenergy Circular Economy Integration: Enhanced capa-
solutions, into the chemical trading space. By in- bility to embed circular economy principles into
tegrating Industrial Associate, ORSL aims to lev- industrial chemical supply chains.
erage its network and infrastructure to drive the
development and distribution of environmentally Synergistic Opportunities: Potential for cross-
April 2026 PLASTICS NEWS 61
