Chemical | 30 October 2020
Krishana Phoschem second quarter profit jumps to 106%
Revenue for Q2 FY21 stood at Rs. 509.34 million which grew by 19.4% as compared to Q2 FY20.
Revenue for Q2 FY21 stood at Rs. 509.34 million which grew by 19.4% as compared to Q2 FY20.
The newest generation quantum computer from Honeywell initially offers 10 fully connected qubits, a proven quantum volume of 128 (the highest measured in the industry) and unique features such as mid-circuit measurement and qubit reuse, which were made possible through Honeywell’s heritage of precision controls expertise.
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The minister invited the global industry and experts to become partners in India’s shared prosperity by enhancing India’s production of all forms of energy during his speech at CERAWeek India Energy Forum.
The increase in revenue was primarily due to higher price realizations in the O2C segment, strong recovery in Retail operations and sustained subscriber addition with improvement in ARPU in Digital services business.
Construction of the near 100,000 metric ton plant will take place in a phased manner, and once commissioned, this would be the single largest site capacity for CPVC resin production globally.
The virtual session on sustainability will be held on 3rd November, 2020 at 15:00 PM IST.
The company had pledged in 2011 to turn carbon neutral by 2020.
Company has registered a drop of 16% in Q3 operating profit to CHF 127 million ($140 million), with the profit margin narrowing to 14.2% from 14.5%.
Company has posted a growth of 16.47% YoY with a total income of Rs.328.57 crores
The jump in profit is due to the fact that PI Industries witnessed 25 per cdbt increase in exports and 33 per cent rise in domestic revenue.
Company reported consolidated income of Rs. 2,609 crore in Q2 FY21, up by 11% as compared to Rs. 2,348 crore last year.
Company's gross profit grew by 51.5% YoY to Rs.132 crore in Q2 FY21.
The company has made investments of about Rs. 105 crore in its 90 acre greenfield project, out of the total capex of Rs. 150 crore and is expecting to commence manufacturing of Ethylamines by the end of the last quarter of this financial year.
The new state-of-the-art preservation system for the Cosmenyl 100 range does not contain ortho-phenylphenol (O-PP), methylisothiazolinone (MIT) or parabens.
As per the deal, Huntsman will receive approximately 90% of the cash consideration at closing and balance approximately 10% under an earnout within 18 months if the business achieves sales revenue in-line with 2019.
As per the agreement, Piramal Pharma will buy 49% stake of Navin Fluorine Rs. 65.10 crore thus becoming 100% owner of CCPL.
The product helps in faster testing for pharma and biopharma to meet increasingly stringent regulations.
Price of ethanol from sugar has been increased to Rs.62.25 per litre. Ethanol derived from C heavy molasses and B heavy molasses will be priced at Rs.45.69 per litre and Rs.57.61 per litre, respectively.
The company listed on the BSE SME platform over two years back and has met all the criteria needed for the shift.
A new cellulase, Lavergy C Bright 100 L, in combination with BASF Home Care and I&I ingredients promises dazzling results both for cotton and synthetic fabrics.
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