Page 935 - Business Finance

Indofil forms JV with Italian firm Reagens to manufacture speciality chemicals

Modi Enterprises' group firm Indofil Industries Thursday said it has formed a joint venture with Italy-based Reagens to manufacture speciality chemicals. Indofil, a Rs 2,500 crore crop protection and speciality chemicals firm, announced joint venture (JV) with polymer additives manufacturer Reagens. "The new venture, Indo-Reagens Polymer Additives Pvt Ltd will start manufacturing and offering green stabilizer range from their unit at Ankaleshwar," the company said in a statement. The JV will also begin offering specialty additives from Reagens units in Europe from April 2019. "The JV will also be constructing a new state-of-art technology plant in Gujarat Industrial Development Corporation's Special Economic Zone in Dahej in 2019 to offer all green polymer additives to the Indian Polymer processing industry," the statement said. The JV will also offer technical support and services from its regional application laboratory centres based at Thane and Delhi, supplemented by support from .

RCC Cements reports standalone net loss of Rs 0.03 crore in the December 2018 quarter

Reported sales nil

Vaghani Techno-Build reports standalone net loss of Rs 0.06 crore in the December 2018 quarter

Reported sales nil

Paragon Finance standalone net profit rises 8.70% in the December 2018 quarter

Sales decline 1.15% to Rs 0.86 crore

PG Foils standalone net profit rises 98.96% in the December 2018 quarter

Sales rise 5.44% to Rs 69.74 crore

Macro International reports standalone net profit of Rs 0.01 crore in the December 2018 quarter

Reported sales nil

Electrotherm (India) reports standalone net profit of Rs 46.19 crore in the December 2018 quarter

Sales rise 26.33% to Rs 922.91 crore

Wim Plast standalone net profit declines 21.46% in the December 2018 quarter

Sales decline 5.80% to Rs 83.53 crore

Zodiac Clothing Company reports standalone net profit of Rs 0.32 crore in the December 2018 quarter

Sales rise 5.67% to Rs 60.79 crore

Sharat Industries standalone net profit rises 60.87% in the December 2018 quarter

Sales rise 29.03% to Rs 47.87 crore

Mesco Pharmaceuticals reports standalone nil net profit/loss in the December 2018 quarter

Reported sales nil

Standard Shoe Sole & Mould India reports standalone net loss of Rs 0.02 crore in the December 2018 quarter

Reported sales nil

Ruby Mills standalone net profit declines 44.56% in the December 2018 quarter

Sales decline 3.66% to Rs 42.60 crore

Grauer & Weil (India) standalone net profit declines 32.45% in the December 2018 quarter

Sales rise 21.89% to Rs 154.30 crore

Schaeffler India standalone net profit rises 3.08% in the December 2018 quarter

Sales rise 16.07% to Rs 1186.29 crore

Lemon Tree Hotels consolidated net profit rises 39.02% in the December 2018 quarter

Sales rise 8.25% to Rs 143.35 crore

GPT Infraprojects consolidated net profit declines 66.94% in the December 2018 quarter

Sales rise 21.63% to Rs 138.06 crore

Oracle Financial Services Software consolidated net profit rises 5.64% in the December 2018 quarter

Sales rise 11.97% to Rs 1185.85 crore

Mercator reports consolidated net loss of Rs 449.77 crore in the December 2018 quarter

Sales rise 36.96% to Rs 266.94 crore

HPL Electric & Power consolidated net profit declines 24.60% in the December 2018 quarter

Sales decline 6.10% to Rs 259.45 crore