Chemical | 01 February 2021
Rama Phosphates Q3FY21 net profit soars to Rs. 11.47 Cr
Rama Phosphates has reported total income of Rs.151.53 crores during Q3 FY 21.
Rama Phosphates has reported total income of Rs.151.53 crores during Q3 FY 21.
The company is in a sweet spot with vacuum in top 3 global players and its strong product pipeline.
The first phase has an installed capacity of 4,020 metric tonnes per annum producing fittings.
Aarti Surfactants has reported total income of Rs.106.67 crores during the period ended December 31, 2020.
Atul has reported total income of Rs.2699.89 crores during the 9 months period ended December 31, 2020
For the third quarter of FY 2020-21, IndianOil's product sales volumes, including exports, was 23.033 million tonnes
During 2020, costs for integration and restructuring impacted net income by $33 million or $0.10 per share.
This new unit will have 275 kilotons per annum (KTA) capacity of PO and 600 KTA capacity of SM.
The new dividend rate will be effective immediately.
The production capacity will be increased by 580,000 tons of VCM per year, 380,000 tons of PVC and 390,000 tons of caustic soda per year.
The new facility will recycle more than 250 million pounds of plastic a year by 2025.
The permanent revocation of the closure order is not likely to materially impact in any way operations of the Bhavnagar Plant or the company.
The proposal of CPCL for formation of a joint venture between IndianOil and CPCL is subject to approval of Niti Aayog .
The proposed combination relates to the acquisition by IIPL of Indo Gulf Fertilizers viz. fertiliser division of Grasim Industries Limited (GIL) as a going concern on a slump sale basis.
The sector is expecting a healthy performance in the upcoming years.
The company is also promoting fuel cell technology having lesser carbon footprint.
In the CEO role, he has managed P&L, business development and built the R&D team for new product development.
The Advanced Intermediates and Specialty Additives segments also recorded a business development above expectations.
The company has concluded our acquisition of Richcore Lifesciences on 20th Jan 2021.
The minister has called upon the EV sector to shift towards a completely indigenous battery technology in the coming years.
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