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What is Union Carbide India Limited mean?
Union Carbide India Limited (UCIL) was a chemical company established in 1934, eventually expanding to employ 9,000 people working at 14 plants in five divisions. UCIL was 50.9% owned by Union Carbide and Carbon Corporation (UCC) and 49.1% by Indian investors including the Government of India and government-controlled banks. UCIL produced batteries, carbon products, welding equipment, plastics, industrial chemicals, pesticides and marine products.
In 1970 UCIL built a pesticide plant in Bhopal, India, which gained worldwide attention as a result of the Bhopal disaster. On 3 December 1984, a release of methyl isocyanate (MIC) gas killed more than 3300 people. At the time of the disaster, UCIL was ranked twenty-first in size among companies operating in India. It had revenues of Rs 2 billion (then equivalent to US$170 million).
In 1994, UCC sold its entire stake in UCIL to Mcleod Russel India Limited of Calcutta, which renamed the company Eveready Industries India Limited. The proceeds from the UCIL sale ($90 million) were placed in a trust to fund a hospital in Bhopal to care for victims of the tragedy.
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|---|---|
| University College for Interdisciplinary Learning | Academic & Science |
| Union Carbide India Limited | Business |
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| Uranium Corporation of India Ltd | Business |
| UChicago Careers in Law | Business |
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Posted on 29 Nov 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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