News Overview

In terms of incremental capacity addition, analysts of IIFL Capital Services see limited impact led by staggered addition by the large names amid a strong demand growth in India.

The company's net profit for the same period last year was ₹69.8 Crore, while this year's net profit was ₹203.2 Crore.

The spike in speciality chemicals exports could be due to deferment of orders to Q4 and seasonality. Specialty chemicals exports in Mar’24 surpassed the trailing 12-month average.

The second contract, at ₹52.74 Crore, involves civil and architectural works for the bunker area, powerhouse superstructure, etc.

Salil Parekh, Chief Executive Officer and Managing Director, establishes and evolves the strategic direction for the firm and its portfolio of solutions.

Operating revenue for RVNL decreased 6.4% to ₹4,689.3 crore from ₹275.6 crore in the same period of the previous fiscal year.

HMSI now sells to 58 markets in Europe, Central and Latin America, the Middle East, Southeast Asia, Japan, Australia, New Zealand, and SAARC countries.

The company, which also sells Maggi noodles, Kitkat chocolates, and Nescafe coffee, said in a statement that its products were manufactured in the country "in full compliance" with CODEX standards.

The arrangement, sanctioned and issued as a 20-year rupee term loan, provides considerable commercial benefits.

The benchmark contracts increased by more than $3 before somewhat declining. Brent futures were up $2.63, or 3%, to $89.74 a barrel.