Nirma is planning to diversify its portfolio through acquisitions ranging from Rs 5,000 crore to Rs 7,000 crore, targeting both domestic and overseas markets.
Rallis India reports a 5 % year-on-year drop in net profit at Rs 63 crore for the April-June quarter.
Moreover, the short-term rating of the company has been reaffirmed at A1+.
Lubrizol intends to expand its compounding capability at its Dahej plant.
The product will undergo a validation phase for the next 18 months.
Aramco and Aether already developed the manufacturing process for this technology.
The company has also announced revisions in other soda grades of soda ash across the country.
The company registered 12% y-o-y growth in revenue in Q4FY23.
- By R. Venkataraman, Chairman, IIFL Capital Services
By R. Venkataraman, Chairman, IIFL Capital Services
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