- Business
- IEL Limited IEL Limited (INDXTRA.BO), incorporated in 1956 and headquartered in Ahmedabad, India, engages in the manufacturing, trading, and marketing of chemicals, pharmaceuticals, drug intermediates, dyes, pigments, intermediates, and commodities; it also provides marketing support services, business support services, advisory or research services, industrial or project consultancy, outsourcing activities, warehousing, leasing, renting, hire-purchase, information technology consultancy, health or medical services, and distribution services primarily in India with export activities to markets including the United States and Europe. The company, formerly known as Indian Extractions Limited until its name change in January 2019, originally focused on solvent extraction and edible groundnut oil production under brands such as DIAMOND and STAR before diversifying into chemicals trading. In recent developments, IEL Limited amends its Memorandum of Association to expand into warehousing and storage facilities including warehouses, cold storage units, and godowns equipped with advanced technology for commodities and goods handling, along with related clearing, forwarding, transportation, distribution, packing, hauling, and commission agent services following land acquisition in Lucknow; it further diversifies into comprehensive energy solutions encompassing solar parks, wind turbines and parks, hydel power stations, renewable energy systems, thermal stations, and power-related equipment manufacturing, trading, import, export, and installation with planned partnerships involving government and semi-government entities, as approved by shareholders at the 69th Annual General Meeting in September 2025; additionally, Rajveer Singh and associates increase their collective stake to 8.06% through open market purchases on the Bombay Stock Exchange in November 2025.