Mahindra Finance: CLSA said Q2 was the second straight quarter of poor results, as pre-provision operating profit (PPOP) was 8 per cent below its estimates and higher credit costs led to 50 per cent profit miss.
The petrochemical plant, which will come up adjacent to India s largest LNG import facility operated by the company, will consist of a 750,000 tonnes per annum propane dehydrogenation plant (PDH) and 500,000 tonnes a year of poly-propylene plant.