Chemical | 29 October 2020
Sharda Cropchem reports double digit growth in sales, profit during second quarter
Company's gross profit grew by 51.5% YoY to Rs.132 crore in Q2 FY21.
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.
For the period, the company has reported total income of Rs.86.37 crores as compared to Rs.48.90 crores during the period ended June 30, 2020.
Once the project is commissioned, the Pyeongtaek complex will be Linde's single largest gases supply site in the world for an electronics customer.
Additional OLED sublimation units will help meet customer demand in the growing OLED market of Asia.
The investment complements Arkema's expertise in UV liquid resin material design and our commitment to accelerate 3D printing manufacturing technology development.
Revenue for Q2 FY 21 was down by 1.6% to reach Rs. 250.52 crore vis-a-vis Rs. 254.41 crore in Q2 FY20.
For the full year 2020, the BASF expects a slight decline in sales compared with the previous year, mainly due to weaker demand as a consequence of the coronavirus pandemic.
Company has earmarked an aggressive capex plan for capacity addition for growth projects largely in margin accretive HPP and specialty segments.
Index rose 0.9 percent in October on a three-month moving average basis, a marked deceleration from the 1.5 percent gain in September and 2.6 percent gain in August.
The order is related to 2D Seismic Data Acquisition in PEL, Kangra Mandi, Himachal Pradesh, India.
The deployment will help enable a common digital thread across engineering, operations and maintenance and the ability to securely deliver information in context from a single source to decision makers across these critical functions.
The partners now intend to continue working together on scaling the production of these sustainable plastics and look forward to working with all those who want to join them in committing to the use of these new sustainable plastics.
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