Hot Pursuit     04-Jan-24
Balaji Amines rises as project gets 'mega project' status by Maharashtra Govt
Balaji Amines added 3.02% to Rs 2675 after the Industries, Energy and Labour Department, Government of Maharashtra has approved conferring 'mega project' status to the company’s Solapur expansion project.
The status has been conferred to the expansion project for manufacture of speciality chemicals by Balaji Speciality Chemicals, a subsidiary company of Balaji Amines located in Solapur, Maharashtra under the Packaged Scheme of Incentives (PSI), with a proposed investment of Rs 750 crore.

Balaji Amines is a leading manufacturer of aliphatic amines in India. Broadly, the company is specialized in manufacturing methyl amines, ethyl amines, derivatives of specialty chemicals and natural product and its business is broadly classified into three segments - amines, specialty chemicals and derivatives.

The company's consolidated net profit slipped 62.5% to Rs 34.71 crore on 39.4% decline in net sales to Rs 380.54 crore in Q2 FY24 over Q2 FY23.

Previous News
  Balaji Amines standalone net profit rises 46.01% in the September 2021 quarter
 ( Results - Announcements 27-Oct-21   18:01 )
  Balaji Amines gains as board to consider amalgamation of subsidiaries
 ( Hot Pursuit - 17-Oct-16   11:46 )
  Balaji Amines net profit declines 41.59% in the December 2013 quarter
 ( Results - Announcements 29-Jan-14   08:16 )
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 ( Results - Announcements 29-Jan-09   11:36 )
  Balaji Amines hits all time high; spurts 27% in six days
 ( Hot Pursuit - 15-Sep-21   12:58 )
  Balaji Amines to hold board meeting
 ( Corporate News - 21-Jan-16   12:42 )
  Balaji Amines spurts after restarting production at DMF plant
 ( Hot Pursuit - 24-Nov-21   09:14 )
  Balaji Amines net profit declines 19.61% in the March 2013 quarter
 ( Results - Announcements 13-May-13   10:53 )
  Balaji Amines consolidated net profit rises 74.28% in the September 2021 quarter
 ( Results - Announcements 28-Oct-21   08:11 )
  Balaji Amines drops after Q3 PAT slides 18% YoY
 ( Hot Pursuit - 07-Feb-23   11:05 )
  Balaji Amines schedules AGM
 ( Corporate News - 12-May-22   11:33 )
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