Indo Rama Synthetics (India)

NSE Announcements on Indo Rama Synth

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Price when posted : [Indo Rama Synth - BSE:Rs. 31.00 NSE:Rs. 29.00 when posted]

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Indo Rama Synthetics (India) Limited has informed the Exchange that the auditors have conducted the limited review of the un-audited financial results for the quarter ended June 30, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

BSE Announcements on Indo Rama Synth

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Price when posted : [Indo Rama Synth - BSE:Rs. 29.80 NSE:Rs. 29.75 when posted]

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Indo Rama Synthetics India Ltd has informed BSE that the auditors have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2008....

NSE Announcements on Indo Rama Synth

Posted by : MMB Messenger
Price when posted : [Indo Rama Synth - BSE:Rs. 30.55 NSE:Rs. 30.75 when posted]

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Indo Rama Synthetics (India) Limited has informed the Exchange that " Due to high input cost of Petrochemical based Raw materials viz, PTA & MEG and our inability to cut product prices, the Company has decided to take shutdown of its Polyester Plant till third week of August, 2008,As you are aware that crude prices have softened by almost 20% after touching the peak of around USD 147 per barrel leading to a sharp correction in raw material prices resulting into the customers expecting lower prices whereas the raw material prices remain firm in domestic market as they trail by a month. In order to avoid inventory losses by using high priced raw materials, the management has decided to take shutdown of its polyester plant till third week of August 2008. The production loss due to temporary shutdown is not going to affect the sales as company is carrying the finished goods stock of around 30,000 Mts"....

BSE Announcements on Indo Rama Synth

Posted by : MMB Messenger
Price when posted : [Indo Rama Synth - BSE:Rs. 30.55 NSE:Rs. 30.75 when posted]

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Indo Rama Synthetics India Ltd has informed BSE that due to high input cost of Petrochemical based Raw materials viz, PTA & MEG and the Companys inability to cut product prices, the Company has decided to take shutdown of its Polyester Plant till third week of August, 2008.

Crude prices have softened by almost 20% after touching the peak of around USD 147 per barrel leading to a sharp correction in raw material prices resulting into the customers expecting lower prices whereas the raw material prices remain firm in domestic market as they trail by a month.

In order to avoid inventory losses by using high priced raw materials, the management has decided to take shutdown of its polyester plant till third week of August 2008. The production loss due to temporary shutdown is not going to affect the sales as Company is carrying the finished goods stock of around 30,000 Mts....