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Banswara Syntex consolidated net profit rises 527.51% in the March 2021 quarter

Banswara Syntex consolidated net profit rises 527.51% in the March 2021 quarter
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Global Cotton Market Report 2021-2027: $46.56 Billion Industry - Consumption, Production, Export, Imports


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For the year 2020, Worldwide Cotton Market was US$ 38.54 Billion. Global Cotton Market is expected to reach US$ 46.56 Billion by 2027, with a CAGR of 2.74% from 2020 to 2027.
Cotton has played a chief part in industrial evolution beginning in the eighteenth century. It also plays an important role in the textile industry. It is a labour-intensive cash crop mass-produced across the globe. Cotton majorly supports the global textile mills market and the global apparel manufacturing market.
Cotton is also a very political crop since its importance is in the world exchange of many evolving countries. Cotton grows in nearly all tropical and subtropical regions around the world. Being fairly salt- and drought-tolerant makes cotton an appealing crop for the arid and semi-arid regions. Cotton has many other uses, across many different industries like in Woven Fabrics, Clothing, Bed Sheets and Tow ....

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ICRA assigned Credit Rating for Rs. 670 crore Bank Facilities of Banswara Syntex Limited


ICRA assigned Credit Rating for Rs. 670 crore Bank Facilities of Banswara Syntex Limited
Posted On:
2021-03-01 05:19:43
(Time Zone: Arizona, USA)
Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has retained the long-term rating at [ICRA]BBB- (pronounced ICRA triple B minus) ( Rating ). The Rating Committee of ICRA, after due consideration has also retained the short-term rating at [ICRA]A3 (pronounced ICRA A three) ( Rating ). The outlook of the long-term rating has been revised to Positive from Stable. Instruments with [ICRA]BBB- rating indicate a moderate degree of safety.
Shares of BANSWARA SYNTEX LTD. was last trading in BSE at Rs.118 as compared to the previous close of Rs. 116.8. The total number of shares traded during the day was 6281 in over 191 trades. ....

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