Sales volumes were also higher than this period last year, recording a 42% increase over the sales for the first quarter of FY 2019-20.
Company will install capacity for manufacturing 16,500 tonnes of ethyl amines and 9,900 tonnes of dimethyl carbonate.
The company is working with the lenders and gas supplier for the extension of the escrow agreement and expects to resume the operations very soon.
Working together, the two companies are leveraging their deep experience in chemistry and 3D printing technologies to drive the next level in additive manufacturing production.
New tank pit with storage capacity of 12,700 cbm built specifically for specialty chemicals at a time of increased demand.
The company has sufficient export and domestic orders in hand to scale up the production capacity utilization and also has sufficient stock of raw materials to meet the production requirements.
First quarter fertilizer sale was up by 21.5% to reach 12.85 Lakh MT in comparison to 10.75 Lakh MT in Q1 FY2018-19.
During the period 64.82 lakh MT of Urea (67% higher as compared to last year), 22.46 lakh MT of DAP (100% higher than last year), and 24.32 lakh MT of COMPLEX Fertilizers (120% higher than last year) were sold to the farmer community.
The series B follows a $7.5 million venture round in July 2018 and brings the company’s total raised funding to $66 million.
Having sold 10.1% of VPC shares to the Bank, Acron Group reduced its stake in the project to 50%+1 share.
Partnership is focused on fundamental research to provide low-carbon energy solutions while meeting global energy demand.
MMPA includes wood products manufacturers and key industry players in the US, and promotes not just the interests of its members but also the use of sustainable forests, giving preference to recyclable and renewable resources.
The scope of work of the joint venture includes engineering, construction, pre-commissioning and commissioning of the urea plant including all utilities, urea handling, storage tanks and site civil buildings.
With this acquisition, Avient now expects over 85% of adjusted EBITDA to be generated from specialty applications.
The fertilizers include DAP, APS (20:20:0:13) and NPK (10:26:26) to the farmers for the current Kharif sowing season in the country.
The expected timeline for completion of the acquisition is 31st July 2020.
The company has received an overall consideration of Rs. 595.16 crores towards the said divestiture.
On a year-over-year (Y/Y) basis, the barometer fell 12.0 percent in June.
Investment targets long-term growth in cottonseed market
The lab will be used with immediate effect for application-related laboratory activities.
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