Chemical | 20 October 2020
DCM Shriram earnings, profit grows in second quarter
The company has reported a jump of 15% YoY and total income stood at Rs.2064.61 in second quarter.
The company has reported a jump of 15% YoY and total income stood at Rs.2064.61 in second quarter.
ICN's e-conference on 23rd Oct 2020 will see participation from India's top companies and technology providers from chemical industry.
Karnataka Appellate Tribunal vide its order dated 16th October, 2020 has granted stay on recovery of demand aggregating to Rs.38.86 crores pertaining to the period 2013-2014.
The new Co2 plant has been commissioned with a 40 MT per day capacity.
As per new order, the compensation amount has been reduced to US$494,380.53.
Company has received further sum of Rs.12 crores on Oct 19, 2020.
Company has approved allotment of 1,33,92,663 equity shares at a price of Rs.133 per equity share.
NOVA Chemicals has agreed to sell its expandable styrenics business to a subsidiary of Alpek.
OMPL, a subsidiary of MRPL, is a joint venture between ONGC and MRPL and the acquisition is subject to customary consents and approvals.
The company recorded consolidated revenues of Rs.725 crore for the quarter ended 30 September, 2020, a decline of 3% over PY of Rs.749 crore.
Closing of the transaction is subject to certain contractual closing conditions and regulatory approvals and is expected to occur in Q4 2020.
MCC has sold its polymer flocculant business to Japan based MT AquaPolymer, Inc. and Hymo Corp.
Lummus’ Green Circle will be the exclusive licensing party for this technology and will be responsible for providing studies, basic engineering, technical services, and proprietary equipment as part of the technology transfer package.
Completion is subject to regulatory approvals and expected before the end of Q1, 2021.
The company has reported total income of Rs.665.37 crores during the period ended September 30, 2020 as compared to Rs.868.61 crores during the period ended September 30, 2019.
More than two-thirds of the MNC respondents view India as the number one choice for future investments.
This collaboration marks the first time that OT data and process industry domain expertise is being brought directly into a Security Information and Event Monitoring (SIEM) system, allowing threats to be managed as part of an organization’s broader cybersecurity operations and strategy.
The facility, built in one year, is capable of producing 20,000 metric tons per year of rubber bitumen.
The US-China trade war and the Covid-19 pandemic would accelerate the pace of this shift as global supply chains would want to completely hedge themselves from supply disruptions.
In order to re-organize the audit process to improve productivity, at the request of the company, KPMG Mauritius has resigned as statutory auditors of UPL Corporation Limited, Mauritius.
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