The acquisition supplements and rounds off the product portfolio of Sika Egypt and offers new opportunities for growth in the Egyptian construction market.
In the ongoing current COVID-19 pandemic, the company is fully geared up to face the upcoming challenges and ready to capitalize on the opportunities coming its way.
The setting up of EGoS and PDCs will make India a more investor friendly destination and will help in further smoothening investment inflows into the country thereby giving a big fillip to domestic industries.
The company has reported a huge drop in net profit for Q4 FY20 where by the profit declined 78.73% to Rs 1.91 crore as against Rs 8.98 crore during the previous quarter ended March 2019.
Sales rose 5.70% to Rs 445.77 crore in the quarter ended March 2020.
Company has filed 15 applications in Q4FY20 and overall the company has applied for 205 patents. The company has been granted 10 new process patents in Q4FY20 taking the tally to 70 global patents.
India presents growing opportunities for Australia’s critical minerals, especially as the nation looks to build its manufacturing sector, defence and space capabilities.
Together with other WBCSD partners, we will be able to accelerate this transition and provide innovative solutions that contribute to the Sustainable Development Goals defined by the UN.
The company kept all the plants partially running despite the lockdown as it is a supplier to the essential industry of pharmaceuticals and healthcare.
Tamturbo will complement Sulzer’s portfolio well, leading to scale effects from Sulzer’s strong industrial brand reputation, its experience in manufacturing similar compressor products, its capillary worldwide sales and service network, and its access to key suppliers.
The updated framework should look towards society at large and recognise the complexity and interlinkage between sectors of the economy.
Company's consolidated revenue decreased 4% from Rs. 1,937 crore to Rs. 1,858 crore in Q4FY20 when compared with corresponding period last year (CPLY).
Comprising mainly manufacturing equipment, an amount of approximately 3 billion yen will be invested in the Center for Commercialization of Advanced Technology over two-year period.
The terms and conditions are in line with contracts in place in the Indian Market.
The shares were sold in an open market sale where significant portion of this stake sale was bought by Malabar India Fund and Malabar Value Fund.
While six charred bodies were recovered from the factory after the fire was doused, two more workers died at separate hospitals in Bharuch.
The company stated that the cost reductions should enable it to remain within the revised guidance range it set forth in its first quarter 2020 earnings release.
The company’s steady and growing revenue profile, highly efficient operations and numerous growth opportunities make this an attractive investment.
The revenue of Q1 FY2020-21 ending 30th June, 2020 has been badly impacted due to partial running of the operations however it is not quantifiable at this stage. Even profitability is likely to be affected adversely owing to lower capacity utilization.
AGC will prepare for the plant to resume full-scale operations by April 2021.
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