FORTUNES' LINKED TO GLOBAL INDUSTRY
Article Abstract:
Reliance Industries Ltd (RIL) manufactures petrochemicals, polymers, fibre intermediates and polyester. It produces polyvinyl chloride (PVC) and polyethylene (high density and low density) at its facility in Hazira. It is the largest producer of polyester synthetic fibre (PSF) and polyester filament yarn (PFY) and purified terephthalic acid (PTA). It produces synthetic textiles and sells them under the brand name, Vimal. It manufactures linear alkyl benzene (LAB). Its Hazira plant has a total production capacity of 6.16 million tonnes per annum (tpa) of petrochemical products. Of this, 3 million tonnes are captively consumed a year. RIL is setting up a polypropylene (PP) plant with a capacity of 0.4 million tpa and 3 paraxylene plants with a total capacity of 1.4 million tpa in Jamnagar. It is setting up a 0.4 million tpa paraxylene and 0.35 million tpa PP plant next to its refinery in Jamnagar. Its product prices depend on the global prices. It has posted sales of Rs134,037.8 million and a net profit of Rs16,530 million. Its equity is Rs9,319 million. (rk)
Comment:
Manufactures petrochemicals, polymers, fiber intermediates & polyester, co profile
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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SM GROUP-FAILED LOCK, STOCK AND BARREL
Article Abstract:
The capital base of SM Dychem group of Mumbai has declined by nearly 98 percent in recent times to Rs31.9 million from Rs1,353 million, raised by the flagship company, SM Dyechem (SDL) through five public issues in seven years. Apart from this, the investments made in three other SM group companies between February 1987 and December 1992 worth Rs158 million, has become dead investment as the three scrips are not being quoted in the secondary market for many months now. From the manufacture of textiles auxiliaries, SDL unsuccessfully diversified into the manufacture of ready-to-eat extruded packaged snack foods and into agro-based petrochemicals, which took off after a long delay. The scrip of the company is being quoted at 80 paise in the bourses. The performance of the other group companies - SMZS Chemicals (SCL), SM Finance Ltd (SFL) and SM Energy Teknik and Electronics (SETEL) - has also been poor and their scrips were last quoted in May 1998 at around 10 percent of their face value. (gsh) >EN
Comment:
Capital base of co declines by nearly 98% to Rs31.9 mil from Rs1,353 mil
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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