24 Jan 2022 , 03:47 PM
Meghmani Finechem Ltd has delivered a strong operating and financial performance in line with its commitment of growth. The key performance highlights are:
OPERATIONAL HIGHLIGHTS:
The forward & backward integration expansion plan covering ECH, CPVC, Caustic soda and Captive power is progressing as per plan and will be commissioned as per schedule. We are simultaneously ensuring a sound financial, healthy cash generation and strong liquidity to ensure that we continue to meet all our obligations and commitments timely.
Further in line for continuous growth we have announced our expansion in Chlorotoluene & its value chain and setting up R&D facility, this will help to further strengthen our fully integrated complex. We continue to move forward in our strategic direction of scalability, strengthening integration & achieving lowest cost of operations."
At around 2:50 PM, Meghmani Finechem hits 5% lower circuit at Rs833 per piece on Sensex.
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