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Riding on the back of higher demand and lower cost, Phillips Carbon Black Ltd posted a 407 per cent rise in standalone net profit to ₹48 crore for the quarter ended June 30, 2017. The net profit was ₹9.50 crore during the same period last year.
Kolkata: RP-Sanjiv Goenka group company Phillips Carbon Black Ltd (PCBL) on Thursday said its net profit in the June quarter had jumped to Rs48.16 crore from Rs9.5 crore in the same period a year earlier on the back of higher capacity utilisation and production cost rationalisation.
Kolkata: RP Sanjiv Goenka group company Phillips Carbon Black Ltd on Thursday said it will be investing Rs300 crore to ramp up the capacity and was also evaluating a greenfield carbon black plant in south India.
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Tyre volume demand was expected to grow by seven to eight per cent during FY18' and FY19' on the back of higher OEM demand and stable replacement demand, a ICRA report said.
RP Sanjiv Goenka group company Phillips Carbon Black Ltd (PCBL) today said it will be investing Rs 300 crore to ramp up the capacity and was also evaluating a greenfield carbon black plant in south India.
Riding on the back of higher demand and lower cost, Phillips Carbon Black Ltd has posted a 407 per cent rise in net profit at Rs 48.16 crore for the quarter ended June 30, 2017. The net profit was Rs 9.50 crore during the same period last year.
Speculators increased their long positions in the Crude Oil WTI Futures markets. The bullish bets rose for a third consecutive week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 396,459 contracts in the data reported through Tuesday July 18th.
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Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted final approval by the United States Food & Drug Administration (U.S. FDA) for Desonide Cream, 0.05%, the generic version of Desonide Cream, 0.05% of Perrigo New York Inc.
Bharti Infratel, Hero Motocorp, Indiabulls Housing Finance, Vedanta, ACC, Ambuja Cements and Bharti Airtel has increased more than 1% in morning session.
Wipro Limited announced on Tuesday that the company has entered into a partnership with Hewlett Packard Enterprise (HPE) to offer IT infrastructure solutions in a consumption-based or pay-per-use business model for the enterprises.
BSE Sensex opened higher by 104 points at 32350, while the Nifty50 opened higher by 44 points at 10010 mark.
Just Dial's Board approves buyback of up to Rs 83.9 crore. The company is going to buy back approximately 11.98 lakh shares or 1.7% of the total equity.
The Company has filed E-Form INC-28 with the Registrar of Companies (ROC), Kolkata, along with the Certified True Copy of the Order on 21 July 2017.
Global Carbon Black Market is forecasted to grow at a CAGR of 8.42% during 2016 - 2021. The strong growth in carbon black industry is driven by the surging demand from tire and rubber industries. Emerging shift from commodity black to more specialized grade carbon black is projected to have a positive impact on the overall market growth. Global Carbon Black Market has been segmented on basis of type (Commodity Carbon Black and Specialty Carbon Black); By Process (Furnace, Acetylene, Thermal and Lampblack), By Application (Tire and Industrial Rubber Products, Plastics and Textiles, Paint and Coatings, Toner and Printing Ink), and By Region (APAC, North America, Europe and ROW).
Research and Markets has announced the addition of the "India Carbon Black Market, 2012-2026" report to their offering.