Net Loss of Fertilizers & Chemicals Travancore reported to Rs 7.54 crore in the quarter ended March 2017 as against net loss of Rs 153.95 crore during the previous quarter ended March 2016. Sales rose 47.39% to Rs 357.06 crore in the quarter ended March 2017 as against Rs 242.26 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 186.96 crore in the year ended March 2017 as against net loss of Rs 452.19 crore during the previous year ended March 2016. Sales rose 7.29% to Rs 1862.60 crore in the year ended March 2017 as against Rs 1735.99 crore during the previous year ended March 2016.

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Net Loss of Fertilizers & Chemicals Travancore reported to Rs 63.50 crore in the quarter ended December 2016 as against net loss of Rs 119.40 crore during the previous quarter ended December 2015. Sales rose 2.11% to Rs 427.36 crore in the quarter ended December 2016 as against Rs 418.51 crore during the previous quarter ended December 2015.

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Gujarat State Fertilizers & Chemicals (GSFC) (up 9.29% to Rs 95.85) and Fertilizers and Chemicals Travancore (FACT) (up 5.42% to Rs 24.30), edged higher.

The S&P BSE Sensex was down 50.03 points, or 0.19% at 26,439.53.

According to media reports, Asian caprolactam hit a 2-year high on Thursday, 15 December 2016, with the CFR Far East Asia marker assessed by S&P Global Platts at $1,830 per metric tonne. The last time the price was at this level was on 18 December 2014, when the Platts CFR Far East Asia marker was assessed at $1,900 a metric tonne.

Caprolactam, a derivative of benzene, is used for manufacturing nylon, tyre-cord, textile filament yarn and engineering plastics.

GSFC and FACT are two major manufacturers of caprolactam in India. GSFC has two caprolactam plants having rated capacities of 20,000 tonnes per annum (TPA) and 50,000 TPA. Meanwhile, FACT has the capacity to produce 50,000 tonnes of caprolactam in a year. FACT exports caprolactam to various countries, including the US.

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Net Loss of Fertilizers & Chemicals Travancore reported to Rs 33.59 crore in the quarter ended September 2016 as against net loss of Rs 60.87 crore during the previous quarter ended September 2015. Sales declined 2.91% to Rs 628.66 crore in the quarter ended September 2016 as against Rs 647.47 crore during the previous quarter ended September 2015.

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