Manali Petrochemicals Ltd Share Price – NSE  / BSE

Petrochemicals, Small Cap

Net profit of Manali Petrochemicals rose 216.79% to Rs 13.02 crore in the quarter ended June 2024 as against Rs 4.11 crore during the previous quarter ended June 2023. Sales declined 20.21% to Rs 240.42 crore in the quarter ended June 2024 as against Rs 301.32 crore during the previous quarter ended June 2023.

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Manali Petrochemicals will hold a meeting of the Board of Directors of the Company on 5 August 2024.

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PennWhite, UK (PennWhite) and KRAHN UK (KRAHN) announced today a long-term distribution agreement related to the distribution of silicone oil in the UK and Ireland market, through the appointment of KRAHN UK as a distributor of silicone oils under the PennWhite brand, with immediate effect.

The partnership will broaden the footprint of PennWhite silicone oils in the UK and Ireland markets and help meet the growing demand for premium products and more accessible supply options. Under the terms of the agreement KRAHN will market and promote PennWhite's silicone portfolio to a wide range of their industrial customers in the UK and Ireland.

PennWhite, based in Middlewich (UK) is a leading manufacturer of antifoam chemistry under the renowned FoamDoctor® brand, and supplies a portfolio of silicone oils under the PennWhite brand. A wide range of other speciality chemicals are also manufactured to service the needs of long-term customers.

PennWhite's chemical processing aides play an essential role in the products of the world's biggest brands: most consumers may not realise that many of their everyday products have been touched by specialist processing aids, which are widely used in a wide range of applications, like food and beverage processing, wastewater treatment, upstream and downstream oil, and increasingly in the coatings and adhesives industry.

The company was bought in 2022 by Manali Petrochemicals (MPL), India's only integrated manufacturer of polyols and a part of AM International, Singapore.

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Manali Petrochemicals announced that the Board of Directors of the Company at its meeting held on 13 May 2024, inter alia, have recommended the final dividend of Rs 0.75 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

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