GUJARAT ALKALIES & CHEMICALS
Article Abstract:
Gujarat Alkalies & Chemicals Ltd (GACL), a producer of caustic soda and allied chemicals, has commissioned the first phase of its 350 tonnes per day capacity unit near Dahej in Gujarat. It is also setting up a 90 mw co-generation power unit at Dahej. GACL has a caustic soda production capacity of 1.7 lakh tonnes. Its sales fell by 15.8 percent. Its operating profit margin decreased by 43.5 percent. (ag) --------------------------------------------------------- Financial performance of Gujarat Alkalies & Chemicals Ltd --------------------------------------------------------- Particulars 1997-98 1996-97 (Rs in crore) --------------------------------------------------------- Net sales 320.00 380.00 --------------------------------------------------------- Expenditure 253.00 261.65 --------------------------------------------------------- Operating profit 66.65 117.86 --------------------------------------------------------- Interest 30.67 29.45 --------------------------------------------------------- Gross profit 35.98 88.41 --------------------------------------------------------- Depreciation 34.72 29.75 --------------------------------------------------------- Tax - 7.70 --------------------------------------------------------- Net profit 1.25 50.96 ---------------------------------------------------------
Comment:
Posts fall in net profit to Rs1.25 crore in 1997-98 versus Rs50.96 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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MARDIA CHEMICALS ON THE LOOKOUT FOR JV PARTNER
Article Abstract:
Mardia Chemicals Limited (MCL), one of the leading manufacturers of major dyes and dye intermediates, is scouting for a joint venture partner. The preference is for a multinational chemicals major as MCL is saddled with a huge debt of Rs600 crore. A foreign company is likely to bring in the necessary working capital for MCL. Its operations are also hindered by the high cost of power at its chlor alkali plant. (uh)
Comment:
Is scouting for a joint venture partner
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SIEL DEBENTURE RATINGS
Article Abstract:
The partly-convertible debenture issue and non-convertible debenture issue of Siel Ltd have been downgraded to LBB and put under rating watch by Icra. The downgrading reflects the liquidity crunch being faced by the company as a result of cost- overrun in its chlor-alkali project and lower realisations which have affected its debt-servicing abilities. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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