2001

An Archive of HUL Press Releases over the years.

Latest press releases

Transfer of Nickel Catalyst Business from HLL to ICI India
20-11-2001:

Hindustan Lever Ltd has today signed an agreement with ICI India Ltd, a subsidiary of ICI Plc, UK, for sale of Nickel Catalyst business, a sub-unit of Speciality Chemicals Division of HLL’s Chemicals and Agri operations, for a consideration of Rs.210 million on a ‘going concern basis’.

HLL BOARD APPROVES BONUS DEBENTURES
16-10-2001:

The Board of Hindustan Lever Limited (HLL) today approved a scheme for the issue of bonus debentures by drawing upon the General Reserves of the company which have been created through retained earnings/undistributed profits.

HLL board to consider issuing bonus debentures
09-10-2001:

Hindustan Lever Limited (HLL) today notified the various Stock Exchanges that its Board would meet on October 16, 2001, inter alia, to consider a Scheme formulated under Section 391 to 394 of the Companies Act for issue of bonus debentures by drawing upon the General Reserves of the Company which have been created through retained earnings/ undistributed profits of the Company.

HLL SHAREHOLDERS APPROVE MERGER OF IBL WITH HLL
23-06-2001:

The shareholders of Hindustan Lever Limited (HLL) yesterday approved the merger of International Bestfoods Limited (IBL) with HLL.

A win win for farmer & consumer
22-06-2001:

The Chairman of Hindustan Lever Limited (HLL), Mr. M.S. Banga, addressing the company’s Annual General Meeting today, presented an action-plan for a ‘Food Revolution’ to sustainably accelerate agricultural growth.

HLL board approves IBL amalgamation proposal
24-04-2001:

The Board of Hindustan Lever Limited (HLL), which met here today approved the proposal for amalgamation of International Bestfoods Limited and Aviance Limited with the Company.

HLL ANNOUNCES JOINT VENTURE WITH ICI INDIA AND QUEST INTERNATIONAL FOR FRAGRANCES AND FLAVOURS
28-03-2001:

Hindustan Lever Limited (HLL), ICI India and Quest International BV today announced their intent to form a joint venture to carry on the fragrances and flavour business of the Quest Division of HLL. The turnover of this business in 2000 was Rs. 95 crores including captive consumption.

HLL profits up 22.4 %
15-02-2001:

Hindustan Lever Limited (HLL) registered a growth in Profit Before Tax ( PBT ) of 20% and Profit After Tax (PAT) of 22.4%  for 2000.