Indigo Paints Limited (formerly Indigo Paints Private Limited) is making good progress in expansion of its manufacturing facility in Tamil Nadu which is expected to be completed by Q2 of FY22.
The group’s PBT and PAT stood at Rs. 2,540 crore and Rs. 2,138 crore respectively as against Rs. 729 crore and Rs. 654 crore respectively in Q1 FY21.
Once completed, the plant is expected to produce 550,000 tons of polypropylene per year
The scope of the project includes the implementation of a new LDPE/EVA Plant with a capacity of 100,000 tons per year in Kazan
With addition of Srichakra capacity, RIL will be instrumental in converting about 5 billion used PET bottles into value-added fibers
The company posted net loss of Rs.(1.47) crores for the period ended June 30, 2020.
It posted net profit of Rs.2252.65 crores for the period ended June 30, 2020.
The contract is for design, installation of effluent treatment plant on turnkey basis at contract value of Rs 357.465 crores.
UOP will provide technology licensing and basic engineering design, in addition to services, equipment, catalysts and adsorbents for the unit
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Contract is related to a new naptha hydrotreating unit and a new isomerization unit with associated facilities for the Barauni Refinery Expansion Project in Biha
The new HydroFlex unit produces 100% renewable diesel from soy and corn oil with a combined capacity of 12,000 barrels per day
Decorative performance is likely to have lagged the market leader APNT.
Crude throughput in Q1 stood at 16.7mmt (+29.6% YoY and -5.0% QoQ).
The company posted net profit of Rs.65.4 crores for the period ended June 30, 2020.
The proposed transaction is subject to customary closing conditions and expected to close during the second half of 2021
The company will carry on the business of setting up refineries, petrochemicals complexes, specialty chemicals units, hydrogen and related chemicals plants and other such similar units
Further investments in debottlenecking and greenfield projects will more than triple capacity over the next three years to meet growing demand of paint protection films market
Company reported net income $2.1 billion, or $6.13 per share for the second quarter 2021
It posted net profit of Rs.56.72 crores for the period ended June 30, 2020.
The size of domestic paint industry is estimated at around Rs. 55000 crores as of March 2021.
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