Neogen Chemicals Limited Q4 FY20 revenue was up by 3% to reach Rs. 82 crore whereas FY20 revenue was up by 28% to reach Rs. 306 crore.
Company's operational PAT (Profit After tax) has increased by 18.33% to reach Rs. 108.71 crore in Q4 FY2019-20 vis-a-vis Rs. 91.87 crore in Q4 FY2018-19.
In order to prioritise domestic requirements over exports and also to ensure availability of high quality hygiene products to the end consumer, DFPCL is gradually shifting its focus from a key raw material supplier of IPA for hand sanitizers market to the final hand sanitizer product producer.
The board of directors of Deepak Ferilisers and Petrochemicals Corporation Limited (DFPCL) have considered and approved raising of funds by way of issue of equity shares to the existing equity shareholders of the company for an issue size of upto Rs. 180 crore.
The company has been meeting all its financial and contractual obligations so far. Further, the company is also evaluating the effectiveness of “Forward Contract” in its foreign currency transactions due to volatility in the currency rates especially in US dollar to rupees.
The company has also launched a ‘Safe Painting’ campaign for ensuring safety of painters and assurance to customers for a safe painting experience at home.
Natural gas output from Dhirubhai-1 and 3 gas fields in the KG-D6 block in the Bay of Bengal started to lag company projections from the second year of production itself in 2010 and the field ceased to produce in February this year much ahead of its projected life.
The court, in interim orders, directed that the company shall be completely seized and no one including the Directors of the company be allowed to enter the premises.
The company has resumed operations at its Kalyan plant in Maharashtra with effect from 23rd May, 2020 in a phased manner.
The company has also started production of Propylene Oxide in Plant 2 after doing trials for a week. With this all the facilities have restarted and would be operated based on market conditions.
The annual revenue of Chambal Fertilisers and Chemicals has increased by 21% YoY to reach Rs. 12,206 crore whereas annual profit is up 125% YoY to reach Rs. 1,224 crore.
Huntsman Corporation has announced that it has branded its world leading spray polyurethane foam (SPF) Business as Huntsman Building Solutions (HBS).
The credit rating of HIL (India), a PSU under the Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers has been upgraded to BBB- from BB which is a stable investment grade.
The company has commenced production of IPA at its manufacturing facility located at Dahej with an installed capacity of 30,000 TPA. The plant will make IPA from Acetone that it manufactures in the same facility thus mitigating the supply side risks.
The new agreement extends Ghasemi’s term through September 30, 2025.
The company has seen a steep increase in the demand for Glass Lined equipment over the last 18 months mainly driven by the Indian chemical (Agrochemical & Specialty) & pharma industry which continues to grow strongly.
Indo Amines Limited (IAL) has entered into a Joint Venture cum Collaboration Agreement with a Thailand based Company, Optimal Tech Co. Ltd for manufacturing various specialities like Blended Emulsifiers for Agro, Fertiliser Additives, BKC, etc.
The company's consolidated operating revenue increased to Rs. 5,911mn, up 18% versus Rs. 5,026mn in FY19.
UPL Limited Q4FY20 revenue from operations has shown a growth of 26% to reach Rs. 11,141 crore vis-a-vis Rs. 8,872 crore in Q4FY19.
The company aims to diversify into the hygiene segment with launch of sanitizer and disinfectant.
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