Chemical | 05 November 2020
SRF Q2 PAT up 57%, to invest Rs 442 cr + on expansion
The company’s net profit rose 57% from Rs 201 crore to Rs 316 crore in Q2FY21 when compared with CPLY
The company’s net profit rose 57% from Rs 201 crore to Rs 316 crore in Q2FY21 when compared with CPLY
The company's net sales reached Rs. 1,620 crore, showing a growth of 4% over the same period last year
The Q2 FY21 income from operations stood at Rs. 260.24 crore
Company's sales grew 18% YoY and reached Rs.117.40 crores in the second quarter
Company has agreed to acquire the API business of Peak International Products
The minister said that the government has already initiated programs and policies, which will benefit the Indian agrochemicals, petrochemicals, and the overall chemical sectors
The acquisition of Signet significantly strengthens IMCD’s presence in India and increases IMCD’s position in the high-growth APAC region
In Q2, the company's net profit grew 177% YoY and reached Rs.172.75 crores
The company's revenues dropped by 5.51% YoY and reached Rs.696.68 crores in the second quarter
Company reported 18.58% increase in Q2 sales and the revenues reached Rs. 2459.73 crore
The company's revenue grew by 20% YoY and stood at Rs 1,418.47 crore
In Q2, the company's sales dropped marginally by 1.77% YoY and stood at Rs.274.89 crores
Company is making significant investments in both capital and resources to strengthen strategic capabilities of its Liveo brand healthcare silicone solutions
The total cost of the project will be about Rs. 230 crores and the plant is expected to be operational by March 2022
Acquisition of SkinInVitro GmbH is an important step towards the worldwide use and distribution of alternative test methods
The new Expancel Extra Small Microsphere (XSMS) line brings additional benefits to specialty thin coatings applications, such as improving the printability of thermal paper labels, tickets and receipts, as well as filling and upgrading genuine or artificial leather without sacrificing volume.
The company plans to use majority of this fund towards completion of front-end engineering design (FEED) optimisation program at the Company’s 100% owned Lake Wells Sulphate of Potash Project (LSOP) in Western Australia
Lummus' scope includes engineering and supply of the company's proprietary Short Residence Time (SRT) VI cracking furnaces.
Operating cash flow of $1.3 billion included improvements in working capital of more than $300 million in the quarter which was driven by lower inventories
ICN's e-conference on 06th November 2020 will see participation from leading R&D focused institutions and industry majors as speakers and delegates
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