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Hot Pursuit
14-Apr-23
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PCBL commences production of 1st phase of Tamil Nadu unit
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PCBL announced the commencement of commercial production of first phase 63,000 MT out of 147,000 MT Greenfield carbon black manufacturing facility in Tamil Nadu, effective from 14 April 2023.
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The facility is being set-up by PCBL (TN), a wholly owned subsidiary of the company.
PCBL (formerly Phillips Carbon Black), a part of RP-Sanjiv Goenka Group, is India's largest carbon black producer and exporter.
The company's consolidated net profit declined 12.9% to Rs 97.03 despite of 17.9% rise in net sales to Rs 1,363.33 crore in Q3 FY23 over Q3 FY22.
The scrip fell 0.47% to end at Rs 115.85 on Thursday, 13 April 2023.
The domestic stock market is shut today, 14 April 2023, on account of Dr. Baba Saheb Ambedkar Jayanti.
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