Diamines & Chem spurts after environment clearance for expansion in Gujarat

Diamines & Chemicals spurted 12.86% to Rs 284.05 after the company said it received environment clearance for expansion in manufacturing plant of synthetic organic chemicals in Vadodara, Gujarat.

Diamines & Chemicals said it has received a letter from the State Level Environment Impact Assessment Authority (SEIAA) on 8 January 2022 for environment clearance (EC) for expansion in manufacturing plant of 'synthetic organic chemicals' at Vadodara in Gujarat.

The licence is valid for 7 year from date of issue (28 December 2021).

EC is a primary permission to manufacture new products and will contribute to increase in total production capacity of the company.

 

Net profit of Diamines & Chemicals declined 41.97% to Rs 3.36 crore on 8.55% decline in net sales to Rs 14.12 crore in Q2 September 2021 over Q2 September 2020.

Diamines & Chemicals is engaged in the manufacture of organic chemicals compounds. Its products include Piperazine Anhydrous, Ethylenediamine [EDA], Diethylenetriamine [DETA], Polyamine-Mix, Monoethanolamine [MEA], Triethylenediamine [TEDA] and Piperazine 68% Solution.

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