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Custom Manufactured Chemicals phase II expansion on track: Chemplast Sanmar

Chemplast Sanmar Ltd, part of the SHL Chemicals Group on Tuesday said the phase II expansion of the Custom Manufactured Chemicals division was on track for completion. The city-based company, engaged in the manufacturing of specialty chemicals declared revenues of Rs 1,051 crore for the

Ramkumar shankarChemplast sanmar ltdChemicals group onCustom manufactured chemicalsCaustic soda

Buy Chemplast Sanmar; target of Rs 550: ICICI Securities

ICICI Securities is bullish on Chemplast Sanmar recommended buy rating on the stock with a target price of Rs 550 in its research report dated March 22, 2024.

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Chemplast Sanmar commences production of paste PVC resin

Chemplast Sanmar commences production of paste PVC resin
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PVC prices: Chemplast Sanmar pegs commissioning of Paste PVC Expansion project in current fiscal

Chemplast Sanmar Ltd announced its expectations to commission its Paste PVC expansion project by the fourth quarter of the current financial year. However, the company reported a consolidated net loss of Rs 89.38 crore during the October-December 2023 quarter, compared to a profit of Rs 27.14 crore in the same period last year. The MD attributed this downturn to various factors including a further correction in PVC prices due to dumping from China, slowdown in other chemicals business, and increase in key feedstock prices.

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Chemplast expects 20-25% growth in custom manufacturing biz amid near-term headwinds in other bizes

Chemplast expects 20-25% growth in custom manufacturing biz amid near-term headwinds in other bizes
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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