iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

CDG Petchem announces closure of existing Safety Net manufacturing unit

12 Aug 2022 , 11:05 AM

CDG Petchem Limited stock iss in focus after the announcement of closure of existing Safety net manufacturing unit and adoption of new business line.
As per the filing, the company informed that the board of directors at their meeting held on August 10, 2022 has decided to Close the existing Safey net manufacturing unit due to non-viability of business and to avoid losses.
Further, it has decided to establish a new PE Wax processing unit at Vapi, Gujarat which is widely used in Plastic Compound, paints, cosmetics, Rubber processing auxiliaries, candle production etc. Estimated amount to be invested in establishing new line unit is Rs3.5 crore.

At around 11:02 AM, CDG Petchem was trading at Rs19.25 per share higher by 1.85% on the BSE.

Related Tags

  • business profile
  • business update
  • CDG Petchem Limited
  • CDG Petchem Limited shares
  • CDG Petchem Limited stocks
  • news
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.