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Green Hydrogen

Sadhana Nitro Chem Ltd, which manufactures intermediate specialty chemicals, on Monday said it will set up a green hydrogen facility for captive usage and launch a rights issue to raise up to Rs 50 crore.
In a regulatory filing, the company said it "will foray into land green energy for captive usage (self-consumption). The company will set up a green hydrogen facility, based on a solar plant and wind farm with a capacity of 15MW-20MW."
The board also approved a rights issue, subject to necessary approvals from regulatory authorities. The rights shares are being offered at Rs 121 per share (a premium of Rs 120), and the company will look to raise up to Rs 49.95 crore.
The funds for the rights issue will be mainly used for the acquisition of a 126-acre land plot.
This land will be strategically employed for the establishment of both a solar power facility and a wind energy installation.
"These sustainable energy sources will be harnessed to generate electricity, which, in turn, wil

Press Trust of India

Chemical firm Sadhana Nitro Chem Ltd has posted a consolidated net profit of Rs 2.57 crore for the second quarter of this fiscal.
It had posted a net loss of Rs 0.37 crore in the year-ago period.
Total income rose 15 per cent to Rs 42.01 crore in July-September period of this fiscal, from Rs 36.53 crore in the corresponding period of the previous year, the company said in a statement.
"This growth can be primarily attributed to the steady increase in global demand for our products," the company said.
Sadhana Nitro Chem Ltd manufactures intermediate specialty chemicals. It has a manufacturing facility in Roha, Maharashtra spread over 22 acres.

News

Sadhana Nitro Chem to set up green hydrogen facility; to raise Rs 50 cr

Sadhana Nitro Chem Q2 profit at Rs 2.57 cr, revenue up 15% to Rs 42 cr