Nagarjuna Fertilizers faces working capital issues

Nagarjuna Fertilizers and Chemicals said it is facing working capital issues that are preventing it from operating its plant. “..the company had taken plant maintenance activities on July 4, 2018,” it said in a statement today. “The shutdown had to be extended due to inadequate working capital on account of Direct Benefit Transfer (DBT) and accumulated […]

MRPL denies allegations of tax evasion

Mangalore Refinery and Petrochemicals Limited, an oil refinery and subsidiary of ONGC, denied allegations that it has not been paying due excise duty. Media reports carried allegations that the company was not paying due excise duty on its production of Mixed Xylene, a raw material used in a variety of manufacturing industries, quoting tax officials. […]

Omkar Speciality Chemicals reports strong Q1, PAT up 34%

Speciality chemicals and veterinary drug manufacturer Omkar Speciality Chemicals Ltd said quarterly revenue jumped 24% compared with the previous year. The strong growth in all its business segments has also made the net profit and operating profit increase by 34% compared with the previous year results. Director of Omkar Speciality Chemicals, Mr. Omkar Herlekar, while commenting […]