Chembond Water Technologies (Thailand) Company Limited is a newly incorporated step-down subsidiary and is yet to commence its business operations.
The company does not foresee any significant impact on the business due to non-fulfilment of the obligations by any party.
The company reported 9.98% rise in consolidated net profit to Rs 62.80 crore.
As Galaxy's products go into day to day consumer needs of Personal and Home care, the company does not foresee any material demand destruction.
New production line will increase capacity by 50 million pounds of granular activated carbon per year.
The acquisition will enable Novozymes to develop products for the human health market.
DV Sadananda Gowda conveyed that the department is working on revamped PCPIR policy for supporting rapid growth of industrial clusters through a mix of right incentives.
For the full year, net profit stood at Rs.114.66 crores as against Rs.132.61 crores in 2019.
Expansion will substantially accelerate catalyst discovery, development, and overall time-to-market.
The agreement allows DSM to offer customers rapid product development iterations for filaments and pellets based on application needs.
The change will be effective from July 1, 2020.
Pragya Bhartia Barwale holds a Bachelor of Arts degree in Economics and International Relations from Brown University, USA and a Master of Science degree in Development Economics from the University of Oxford.
The company is debt-free and is having adequate cash reserves to meet its Capex requirements.
The company's sales rose 21.59% to Rs 1630.61 crore as against Rs 1341.04 crore in the previous year.
For the full year, the company has posted net profit of Rs. 201.32 crore FY20 as against Rs. 86.10 crore in FY19.
Annual sales stood at Rs.3272.55 crores as against Rs.3548.49 crores in the previous year.
The transaction is expected to close in the third quarter of 2020.
This will enable Grace to continue to meet growing global demand in a thriving specialty silica segment, where there is active innovation that enables future growth for key industries.
The estimated cost of the project is around Rs. 13,270 crore and total capacity of urea is 12.7 lakh MT at Talcher.
The project will help advance Canada’s plant protein ecosystem.
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