Chemical | 29 June 2020
Fine Organics registers rise in quarterly profit on lower sales
The company reported growth of 29.03% and the net profit stood at Rs 34.36 crore
The company reported growth of 29.03% and the net profit stood at Rs 34.36 crore
Revenue growth was driven by branded sales which increased 29% contributing 72% to the total revenue and exports which increased 6.7%.
The company reported net loss of Rs 25.66 crore in 2020 as against net profit of Rs 47.50 crore in the previous year.
He has been appointed for a period of 3 years with effect from 27th June, 2020.
Chembond Water Technologies (Thailand) Company Limited is a newly incorporated step-down subsidiary and is yet to commence its business operations.
The company does not foresee any significant impact on the business due to non-fulfilment of the obligations by any party.
The company reported 9.98% rise in consolidated net profit to Rs 62.80 crore.
This agreement allows to extend the existing supply contracts for 3 additional years in order to provide 2 million tpy of Algerian LNG to the French market, primarily through an LNG terminal at Fos Cavaou.
As Galaxy's products go into day to day consumer needs of Personal and Home care, the company does not foresee any material demand destruction.
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The project could not take-off due to various issues between the promoters.
New production line will increase capacity by 50 million pounds of granular activated carbon per year.
The acquisition will enable Novozymes to develop products for the human health market.
DV Sadananda Gowda conveyed that the department is working on revamped PCPIR policy for supporting rapid growth of industrial clusters through a mix of right incentives.
The Technical centre is equipped with 50 latest sophisticated polymer testing and processing equipment to cater to the needs of customers and new investors.
Before joining the current assignment, he was working as Managing Director of Indraprastha Gas Limited (IGL), the largest CNG distribution company of India.
For the full year, net profit stood at Rs.114.66 crores as against Rs.132.61 crores in 2019.
In this new role Dr Steilemann will drive forwards the association and its memberships’ shared vision for greater circularity and sustainability, across the industry.
Close cooperation with a cold storage owner to develop PU insulation panels
The company anticipates that all pre-turnaround construction will be completed later this year, and the final tie-ins are to be installed during a regularly scheduled maintenance outage in early 2021 with additional ADN coming online at that time.
Expansion will substantially accelerate catalyst discovery, development, and overall time-to-market.
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