Manali Petrochemicals will hold a meeting of the Board of Directors of the Company on 22 October 2018.

Powered by Capital Market - Live News

Manali Petrochemicals will hold a meeting of the Board of Directors of the Company on 22 October 2018 for considering inter alia, the unaudited fincial results of the company for the quarter ended 30th September, 2018.

Powered by Capital Market - Live News

Manali Petrochemicals announced that the supply of Notedome Products (Neuthane Polyurethane Cast Elastomers) is scheduled to commence on 19 September 2018.

Powered by Capital Market - Live News

The announcement was made after trading hours yesterday, 10 September 2018.

Meanwhile, the S&P BSE Sensex was down 40.34 points, or 0.11% to 37,881.83.

On the BSE, 1.28 lakh shares were traded in the counter so far compared with average daily volumes of 1.69 lakh shares in the past two weeks. The stock had hit a high of Rs 38.85 and a low of Rs 37.95 so far during the day. The stock hit a 52-week high of Rs 55.75 on 11 June 2018. The stock hit a 52-week low of Rs 31.20 on 28 September 2017.

Manali Petrochemicals said it will launch the products of its wholly-owned subsidiary Notedome, UK, manufactured at the facilities of the company in Chennai during September 2018.

It may be noted that the company acquired Notedome, UK in September 2016 through its overseas subsidiaries. Notedome, the UK-based manufacturer of high performance polyurethanes for the past three decades makes Nuthane Polyurethane Cast Elastomers of various specifications and supplies to over 45 countries across the globe. Notedome has been looking to expand its base in Asia and as part of achieving this, Manali Petrochemicals, the ultimate parent of Notedome, has commenced production of the said Notedome products at its facilities in Chennai and the products are being launched this month. The Notedome division of Manali Petrochemicals would cater to the needs of the Subcontinent and the South East Asian market.

Net profit of Manali Petrochemicals rose 645.79% to Rs 15.96 crore on 21.87% rise in net sales to Rs 177.17 crore in Q1 June 2018 over Q1 June 2017.

Manali Petrochemicals (MPL) is a chemicals company developing innovative products, since 1986, that find application in a variety of industries such as appliances, automotive, bedding, food & fragrances, furniture, footwear, paints and coatings, and pharmaceuticals.

Powered by Capital Market - Live News