A leader in specialty chemicals, faced the challenge of decommissioning its mercury-based chlor-alkali plant in, Tamil Nadu. With environmental concerns driving the decision to phase out the process, the company turned to Matex for expert assistance in liquidating the plant’s assets.
Solution:
Matex Technologies undertook the task of managing the entire asset liquidation process. The sale of the plant's equipment required careful planning, including environmental safety measures during dismantling. The assets were organized into multiple auction lots, with an Earnest Money Deposit (EMD) set at ₹50 lakhs. The auctions started with a base price of ₹4 crores.
Benefit:
The strategic approach to asset segregation and online auctioning led to a highly successful sale. The competitive bidding on Matex's e-auction platform drove the price of ₹4 crores up by ₹2 crores, reflecting a substantial appreciation in value. The plant's assets were not only sold at a significant profit but also handled in a manner that minimized environmental risk, adhering to the highest safety standards.
