Explore Business Standard
Specialty chemicals maker Vipul Organics on Monday said it has bagged an order worth Rs 7.15 crore from Tamil Nadu NewsPrint and Paper Ltd (TNPL) for supply of blue and violet pigment dye. Paper dye is a new category of business that Vipul Organics ventured into only in 2022, after spending 18 months on product innovation. "Within two years, we have become the preferred colorant suppliers to the paper industry. It is exciting to be able to meet the requirements of the industry and be known for our innovative, high quality products for the industry," Vipul Organics Executive Director Mihir V Shah said in a statement. Vipul Organics is on course to meet its target of Rs 50 crore from this sector over the next three years, he said. The company has received a strong positive response to the offering for the paper industry through participation in B2B shows of the industry. "We have been busy converting our trial orders to full orders," he added. In India, the dyes and pigments segment
Online B2B marketplace and discovery platform IndiaMART InterMESH on Friday reported Rs 56 crore consolidated net profit for the March 2023 quarter. The company had posted a net profit of Rs 57 crore in the corresponding quarter a year ago, IndiaMART said in a statement. Its consolidated revenue from operations, however, grew 33 per cent to Rs 269 crore against Rs 201 crore in the year-ago quarter. The consolidated cash flow from operations stood at Rs 209 crore during the quarter under review, the company said. IndiaMART collected a total of Rs 418 crore from its customers during the fourth quarter of FY23, 31 per cent higher than Rs 318 crore mopped up in the same quarter of FY22. During the entire 2022-23, the company's net profit fell 5 per cent to Rs 284 crore compared to Rs 298 crore recorded in the preceding fiscal. However, the consolidated revenue from operations increased 31 per cent by Rs 985 crore in FY23 from Rs 753 crore in FY22. The cash flow generation rose 18 per