Indorama Ventures is one of the largest petrochemical producers globally, and is based out of Thailand. It is one of the world’s largest producers of integrated polyester products and fibers, and a key player in the chemical business.
The company has made an initial public offer of up to 15,903,000 equity shares of face value of Rs. 10 each (equity shares) of Platinum Industries Limited.
The city-based company engaged in producing speciality paste PVC (polyvinyl-chloride) had reported Rs 29 crore PAT during the corresponding quarter previous year.
It reported a consolidated PAT of Rs.236.86 crore on revenue of Rs.1,431.68 crore for the quarter ended December, 2021.
We would not be surprised, if, in future, the suspension PVC business of Chemplast Sanmar is once again demerged to unlock value for the standalone business
Conventionally Polyvinyl Chloride (PVC) and Bi-axially Oriented Polyamide, BOPA (commonly known as BON) films have been extensively used in cold formed pharma packaging industry. A typical Alu – Alu blister laminate comprises three layers i.e. 25 micron BOPA/ 60 micron soft aluminium foil / 60 micron PVC.
The company has expanded its international business in Congo, Kenya, Ghana and Malaysia, aid Sharan Bansal, Director at Skipper.
In an interview with CNBC-TV18, Sharan Bansal, Director, Skipper said the company plans to increase its volume in the North East to 40,000 tonne from the current 12,000 tonne.
Presenting the Budget 2015-16 in Parliament, Finance Minister Arun Jaitley also said: "I propose to reduce the rates of basic customs duty on certain inputs, raw materials, intermediates and components (in all 22 items) so as to minimise the impact of duty inversion and reduce the manufacturing cost in several sectors."
The company‘s consolidated net profit stood at Rs 25.1 crore versus Rs 43 crore (YoY).
Prakash P Chhabria, executive chairman, Finolex Industries expects margins to improve on contracting Ethylene Di Chloride (EDC ) and poly vinyl chloride (PVC) contracts.
CRISIL has assigned a CRISIL SME fundamental grade of 'SME 4/5' to the proposed IPO of Veto Switchgears and Cables Ltd (Veto). This SME fundamental grade indicates that the fundamentals of the company are superior compared to other SMEs in India.