The Aditya Birla Group firm will present the proposal to its shareholders at the Annual General Meeting (AGM) scheduled next month, it said in a regulatory filing.
According to a CNBC-TV18 poll, its operating profit may fall 5 percent at Rs 436 crore in Q4FY16 versus Rs 460.3 crore and operating profit margins may stand at 18.9 percent versus 19.6 percent year-on-year.
Larsen and Toubro | Wipro | Siti Cable Network | JSW Steel | MOIL | Texmaco Rail | Eros International | Idea Cellular | Kelton Technologies | Gravita India | Aditya Birla Chemicals | Grasim and Welspun Corp are stocks, which are in the news today.
Post the merger, Grasim, the leader in chlor-alkali manufacturing in India, will see its installed capacity increase to 8,04,000 TPA from 4,53,000 TPA, a company statement said.
On November 24, 2015 UNIFI AIF sold 1,27,200 shares of Aditya Birla Chemicals at Rs 231.40.
Its net profit stood at Rs 10.76 crore in the year-ago period, Aditya Birla Chemicals India Ltd (ABCIL) said in a filing to the BSE.
Asian Paints | Cadila Healthcare | Reliance Communications | Tata Steel | Maruti Suzuki | Wipro | Max India | Sun Pharma | Shriram Transport Finance | DLF | Strides Arcolab | SREI Infrastructure | Blue Dart | KPIT Technologies | Cairn India | Delta Corp | Idea Cellular and JSW Steel are stocks, which are in the news today.
Aditya Birla Chemicals is leading Chlor Alkali company established in 1984. For effective utilisation of chlorine, the company is a one of the manufacturers various chlorine derivatives as value added products.
Larsen and Toubro | Piramal Enterprises | Cairn India | Reliance Communications | Jindal Steel | Bharti Airtel | NTPC | Aditya Birla Chemicals | Grasim Industries | Amtek Auto | Castex Tech | BPCL | Nestle and MRPL are stocks, which are in the news today.
In February this year, Aditya Birla Chemicals and Grasim Industries had announced their merger to consolidate similar businesses of the group under one roof.
Aditya Birla Chemicals on Tuesday reported 40 percent increase in net profit at Rs 20.36 crore for the quarter ended June 30, 2015, against Rs 14.55 crore during the same period of the previous fiscal.
The Securities and Exchange Board of India (SEBI) last year imposed a quota of at least one female director on the board of every listed firm, and warned of "very serious" consequences if the thousands of companies did not comply by an April 1 deadline.
Kotak Mahindra Bank | Maruti Suzuki | JK Tyre | AstraZeneca | Ashok Leyland | SpiceJet | Arvind Remedies | Aditya Birla Chemicals | NMDC | ACC | Balmer Lawrie | Petronet LNG | Tilaknagar Industries and Jet Airways are stocks, which are in the news today.
Aditya Birla Chemicals has reported a sales total income from operations of Rs 271.64 crore and a net profit of Rs 8.57 crore for the quarter ended Mar '15
Total income from operations during October-December quarter in the current financial year declined to Rs 276.45 crore from Rs 286.87 crore in the year ago period, the comopany said.
Here are top 10 stocks to focus on February 12 - Apollo Hospitals, Glenmark Pharma, M&M, Pipavav Defence, Grasim, AB Chemicals, Fortis, India Cement, Bosch and Coal India.
Coal India | M&M | Pipavav Defence | BHEL | Hindalco | Bank of India | Natco Pharma | Fortis Healthcare | Wipro | Power Grid | Voltas | PI Industries | Alok Industries | AB Chemicals | Himatsingka Seide | Bata India | India Cements | JSPL | IDFC | Grasim Industries and Claris Lifescience are stocks, which are in the news today.
Ambraesh Baliga, a market expert believes the Crompton Greaves stock has been correcting sideways. He has been positive on the stock at Rs 120. He feels it is time again to start buying the stock on the back of recent newsflow.
"The board of directors of ABCIL on Monday approved the acquisition of the CAD division of Jayshree Chemicals for a cash consideration of Rs 212 crore. This transaction takes ABCIL to a higher growth trajectory," said the company in its filing.
The company expects the acquisition to increase its total caustic soda capacity to about 355,000 tonnes per annum.
TCS | Aditya Birla Chemicals | IRB Infrastructure | Apollo Tyres | Kingfisher Airlines | Deccan Cements | Gammon Infrastructure | Jayshree Chemicals | Eicher Motors | Motherson Sumi | Mindtree | SKS Microfinance and TVS Motor Company are stocks, which are in the news today.
Aditya Birla Chemicals has reported a sales standalone turnover of Rs 286.87 crore and a net profit of Rs 16.36 crore for the quarter ended Dec '13
Aditya Birla Chemicals has reported a sales standalone turnover of Rs 267.29 crore and a net profit of Rs 12.40 crore for the quarter ended Sep '13
Few of the stocks which would be moved to the 'T' Group segment on both the exchanges are - Brandhouse Retails, Donear Industries, Websol Energy System, Pioneer Distilleries, Nitco, Amit Spinning Industries and Paramount Printpackaging.
Aditya Birla Chemicals has reported a sales standalone turnover of Rs 230.26 crore and a net profit of Rs 20.24 crore for the quarter ended Jun '13