On the BSE, 0.16 lakh shares of the company were traded in the counter as compared with an average trading volume of 6544 shares in the past two weeks.

In a regulatory filing made during market hours today, the chemical maker said that it has received environment clearance from the Ministry of Environment, Forest and Climate Change (Impact Assessment Division) for setting up proposed expansion of synthetic organic chemicals at the existing manufacturing unit of the company based in Vadodara, Gujarat. The EC is valid for 7 years from date of issue, which is 25 April 2023.

“Considering EC as a primary permission to manufacture new products and will contribute to increase in total production capacity,” Diamines & Chemicals said in a statement.

Diamines & Chemicals manufactures a range of ethylene amines and piperazine products at its plant in Vadodara, Gujarat.

The company's consolidated net profit surged to Rs 8.93 crore in the quarter ended December 2022 as against Rs 2.48 crore during the previous quarter ended December 2021. Sales rose 47.51% to Rs 24.87 crore in Q3 FY23 over Q3 FY22.