In an interview to CNBC-TV18, Pankaj Poddar, CEO of Cosmo Films said that new specialty polyester plant to be set up at Aurangabad in Maharashtra.
The company had posted a net profit of Rs 5.86 crore in the corresponding period a year ago, Indo Rama Synthetics said in a BSE filing.
The deal, valued at approximately Rs 489 crore, will lead to a 25 percent stake of KKR Jupiter in JBF Industries, a leading manufacturer of polyester value-chain products.
Ester Industries came out with its Q3 results of FY11. The company has reported a sales turnover of Rs 198.32 crore and net profit of Rs 54.81 crore for the quarter ended Dec '10. For the quarter ended Dec 2009, the sales turnover was Rs 96.52 crore and net profit was Rs 5.81 crore.