Syschem India receives order of Rs. 1.84 Cr

Syschem India Ltd has received sales order of an amount of Rs. 1.84 crore from its customers towards supply of products manufactured by the company. The order is for 3000 KGS Cefadroxil IP Company make in 25 Packings per month till the complete delivery of ordered quantity.

Vikas Ecotech repays Rs. 5 crore debt

Vikas Ecotech Ltd has paid back another Rs. 5 crore approx taking the total amount of bank-debt down to Rs. 60 crore approx and the overall bank-debt reduction of Rs. 101.2 crore till date from the peak. Post the current repayment, the company intends to payback additional Rs. 10 crore before the close of this quarter, bringing down the debt levels to Rs 50 crore approx., paving the way towards becoming a 'ZERO Debt Company' within FY 2023-24. The company has set a goal for becoming a 100% Debt Free entity within FY 2023-2024 under Debt Reduction Program, on persistence and support extended by the promoters of the company.

Camlin Fine Sciences announces temporary closure of Diphenol Plant

Camlin Fine Sciences Limited has announced that Diphenol Plant of its wholly owned subsidiary, CFS Europe SPA situated in Ravenna, Italy shall be closed temporarily from August 16, 2023 to September 15, 2023 on account of difficult macro‐economic situation in Europe coupled with low pricing and weak demand across the industry.

Confidence Petroleum India has commissioned 13 new auto LPG dispensing stations

In progression of achieving its target, Confidence Petroleum India Limited has commissioned 13 new Auto LPG Dispensing Stations (ALDS) to cater green fuel requirement of cars and auto rikshaws. With this, 13 new locations the strength of our ALDS stations has reached to 248.

VA Tech Wabag approves NCD issue for Rs. 100 crores

The Board of Directors of VA Tech Wabag Limited has approved the allotment of 100,000 secured, unlisted, redeemable, transferable, rated and interest bearing non-convertible debentures, having a face value of Rs. 10,000 each, and an aggregate face value of Rs. 100 crore (NCDs) (comprising the series 1 NCDs) to Asian Development Bank (ADB) at par, in dematerialized form on a private placement basis.

India Ratings upgrades Shree Renuka Sugars and its NCDs to 'IND A'/Stable

India Ratings and Research (Ind-Ra) has upgraded Shree Renuka Sugars Limited's (SRSL) Long-Term Issuer Rating to 'IND A' from 'IND A-'. The outlook is stable. Ind-Ra continues to factor in SRSL's strong operational, strategic and legal linkages with its ultimate parent, Wilmar International Limited (Wilmar), and the continued strong support that it receives from Wilmar, to arrive at the ratings. Furthermore, the agency continues to take a standalone approach while factoring in the modest impact from the proposed merger of four of SRSL's subsidiaries (Gokak Sugars Limited, Monica Trading Private Limited, Shree Renuka Agri Ventures Limited and Shree Renuka Tunaport Private Limited). The upgrade reflects the improvement in SRSL's business and financial profile in FY23, led by an improvement in the profitability and successful commencement of expanded distillery operations.