Balaji Amines rallied as the company planned to invest Rs 70 crore in its Solapur unit expansion. The company has been planning to implement a hotel project worth Rs 40 crore in Solapur currently.
Balaji Amines saw a dip in profits in the fourth quarter results posted recently. The profits are down by an odd 56% at Rs 1.67 crore versus Rs 3.84 crore. There is huge interest cost and tax burdens that have impacted their profitability, says D Ram Reddy, director-commercial of Balaji Amines.
In an interview with CNBC-TV18, D Ram Reddy, Balaji Amines, spoke about the latest happenings in his company and sector.