31 July 2014

Coromandel International Q1 FY15 Results : Net profit boosts 76.44%

Murugappa Group company Coromandel International Limited (CIL) has posted an increase in its net profit by 76.44% to Rs 25.32 crore for the period Q1 (ending June 2014) of the current fiscal (FY14-15). In the corresponding last year's first quarter Q1 (ending June 2013), the profit was Rs 14.35 crore. Coromandel International Limited (CIL) was formerly known as Coromandel Fertilisers Limited. It produces a range of fertilisers of various grades. All products are marketed under the brand name "Gromor, Godavari, Paramfos, Parry Gold and Parry Super". Its products portfolio consists of fertilisers, pesticides and specialty nutrients.

The company informed the share market (BSE/NSE) that the total income/sales has increased to Rs 1685.41 crore from Rs 1644.08 crore of the corresponding last year's quarter. The increase in profit was facilitated by decrease in financing cost and increase in sale.

Share’s Data :-
BSE Code : 506395
Market Cap. : Rs 6,989.59 Crores
Coromandel International Ltd. share’s CMP is Rs 244.25  on 30th Jul 2014.

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29 July 2014

EIL bagged a PMC services contract at Brass Island, Nigeria

State-run engineering consultancy firm Engineers India Limited (EIL) has bagged a project management consultancy (PMC) contract from Brass Fertilizer Company Limited (BFCL), a Nigerian greenfield fertilizer project. Nigerian Company contracted Engineers India Limited (EIL) to provide project management consultancy (PMC) services for its upcoming integrated green field gas based Fertilizer Complex comprising of urea/methanol plant at Brass Island, Nigeria. This development will help Engineers India Limited (EIL) to re-establish its presence in fertilizers projects business.  

Brass Fertilizer Company Limited (BFCL) and a Danish Consortium led by Haldor Topsoe A/S, intends to develop this integrated Fertilizer Complex at Brass Island in the State of Bayelsa, Nigeria with production facilities for Ammonia, Urea and Methanol to cater African Market. The plant is envisaged to be ready for commercial production by mid 2018.  

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28 June 2014

Balaji Phosphates plans to setup a SSP plant at Dewas in MP

Indore based Balaji Phosphates (P) Limited (BPPL) has announced to set up a single super phosphate (SSP) plant in Dewas district of Madhya Pradesh. The proposed project will have a manufacturing capacity of 400 tonnes per day of single super phosphate (SSP). The project would utilize outsourced sulphuric acid and rock phosphate for producing single super phosphate (SSP).

The company has applied to the Ministry of Environment and Forests (MOEF) for issue of terms of reference (TOR) for conducting environment impact assessment studies on the project.

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