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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
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.
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 Sanmar net up 48% to Rs 237 cr; lines up Rs 620-cr capex till 2025 : Rashtra News #Chemplast #Sanmar #net #lines #620cr #capex On the suspension PVC resign front, capacity de-bottlenecking at Cuddalore at a capex of Rs 23.5 crore is underway and expected to come fully online by Q1FY23. Chennai-based specialty chemical […]