You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Balaji Amines spurts after restarting production at DMF plant

Capital Market 

Balaji Amines jumped 4.73% to Rs 3,311.65 after the company announced the commencement of production at DMF plant with effect from 23 November 2021.

On 6 October 2021, the company informed about a small incident that had taken place at its unit III demethylformamide (DMF) plant that lead to leakages/breakdown. While rectifying the incident, the company said it is adding some debottlenecking activities to increase capacity which may take two to three weeks' time.

The company on Tuesday informed that the production in the DMF plant has been started after carrying out all the rectifications.

Dimethylformamide (DMF) is a clear, colorless, hygroscopic liquid with a slight amine odor. DMF is widely used as a solvent, reagent and catalyst in the synthetic organic chemistry. It is also used as carrier for inks and dyes in various printing and fiber-dying applications

Balaji Amines makes methylamines, ethylamines, derivatives of specialty chemicals and pharma excipients. The company is one of the leading manufacturers of aliphatic amines in India.

The company's consolidated net profit fell 11.76% to Rs 79.75 crore on 16.65% increase in net sales to Rs 525.73 crore in Q2 FY22 over Q1 FY22.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, November 24 2021. 09:14 IST