Chemical | 23 June 2020
Balaji Amines reports a steady growth in quarterly earnings as well as profit
Net profit for Q4FY20 was Rs. 32.4 crore as compared to Rs. 27.0 crore in Q4FY19.
Net profit for Q4FY20 was Rs. 32.4 crore as compared to Rs. 27.0 crore in Q4FY19.
The production capacity of the planned facility at Dahej is 105,000 TPA.
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The process technology will be used for a 450 KTA polypropylene plant to be built in Panipat, Haryana State, India.
Company finalizing arrangements to hire a successor.
The partnership will help in exploring digital coatings solutions for the automotive industry.
Total income dipped to Rs 1,510.96 crore in 2019-20 from Rs 1,591.87 crore in the previous year.
The expansion will add capacity for products including methyl ethyl ketone peroxides (MEKP) as well as dibenzyl peroxide (BPO) pastes and waxes.
The company expects its long term contract execution to be on track and it does not believe any significant impact of COVID-19 to those contracts.
Operators need to have forward-looking transparency into vendor financial health to mitigate supplier distress
Annual net profit grew by 13% to Rs 237.46 crore over the previous year.
The sales declined by 38.08% to Rs 5017.15 crore as against Rs 8102.90 crore in 2019.
The company's sales also declined 6.25% to Rs 1004.70 crore as against Rs 1071.73 crore in the corresponding previous year.
KBR will license its technology and engineering services and LTHE will be the EPC provider with specific focus in India, South East Asia, the Middle East and Africa.
This facility is designed to reach 24k ton capacity per year to meet growing local demand for international standard quality Hydrogen Peroxide for the textile industry and other applications.
The company plans to invest 10 billion yen ($93 million) on the project with commercial operations to commence from January 2023.
The new technologies will be based on scalable renewable and circular raw materials that have been difficult to utilize so far, such as forestry or agricultural residues, municipal waste, algae, waste plastics and carbon dioxide.
Altura will supply 60,000dmt of spodumene annually to Ningbo Shanshan from 2022.
This move is expected to empower the company to produce enough sheets of meltblown nonwoven fabric for approximately 300 million face masks per year.
The tests are scheduled to continue until the end of March 2022.
The bonds come in two parts of €500 million each.
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