Showing posts with label Aarti Industries. Show all posts
Showing posts with label Aarti Industries. Show all posts

Tuesday, 14 May 2019

Stocks in the news: Siemens, Godrej Industries, Avadh Sugar, Engineers India, Aarti Industries


Here are the stocks that are in news today:

Results Today: Siemens, Nestle India, UCO Bank, Union Bank of India, Welspun Corp, Zee Media Corporation Edelweiss Financial Services, Endurance Technologies, Fiem Industries, HOEC, IIFL Holdings, Lumax Industries, Pidilite Industries, Polycab India, PTC India, Sequent Scientific, Speciality Restaurants, Tribhovandas Bhimji Zaveri, Westlife Development

CARE reaffirmed credit rating on the bank facilities of PNC Infratech subsidiary PNC Khajuraho Highways as CARE A

Godrej Industries Q4: Consolidated net profit at Rs 424 crore versus Rs 178.3 crore, revenue up 48.3 percent at Rs 2,917 crore versus Rs 2,004 crore, YoY.

Indian Acrylics Q4: Net profit up 81.8% at Rs 5 crore against Rs 2.6 crore, revenue up 47.5% at Rs 174.2 crore versus Rs 118.1 crore, YoY

Avadh Sugar recommended the issue of bonus shares in the ratio of 1:1

Shreyans Industries recommended final dividend of Rs 5 per equity share

CRISIL downgraded DHFL’s commercial paper rating to A4+ from A3+ due to more than expected reduction in company’s liquidity

Aarti Industries board may consider issue of bonus shares on May 21

United Bank of India board approved raising of Rs 1,500 crore via equity

Engineers India signed a contract with Mangol Refinery from providing its PMC Services for construction of Crude Oil Refinery plant in Mongolia

Analyst or Board Meet/Briefings

BEML board meeting on May 25 to consider and approve the financial results for the period ended March 31, 2019 and dividend

Lakshmi Vilas Bank board meeting on May 28 to consider and approve the financial results for the period ended March 31, 2019

Divis Lab board meeting on May 25 to consider and approve the financial results for the period ended March 31, 2019 and dividend

JSPL board meeting on May 21 to consider and approve the financial results for the period ended March 31, 2019

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Wednesday, 20 February 2019

Aarti Industries gains 4% on $125 million multi-year deal


Aarti Industries shares gained 4 percent in morning on Wednesday after the company signed multi-year deal a global chemical conglomerate.

The contract entails supply of a high value specialty chemical intermediate for a period of 10 years.

"....signed a $125 million (Rs 900 crore at current Exchange Rate) supply contract with a leading global chemical conglomerate," the chemical supplier said in its filing.

The plant is expected to commission in Q4 FY 2021, with average annual revenue of $12.5 million, it added.

Company estimates a capital investment of approximately $15 milllon to setup a commercial scale manufacturing facility for the production of this speciality chemical intermediate. The upcoming facility will be located in the state of Gujarat.

At 09:20 hours IST, the stock was quoting at Rs 1,332.00, up Rs 5.05, or 0.38 percent on the BSE.

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Source: Moneycontrol