Energy Central News

Curated power industry news from thousands of top sources.

News Article

Kanoria Chemicals gains 4% after announcing new plant


Chemical intermediates manufacturer Kanoria Chemicals gained 4% to Rs71 in early trade on BSE.

This is attributed to the company setting up a formaldehyde plant with a capacity of 1,00,000 TPA at Naidupeta in Andhra Pradeshs Nellore district. As per a BSE filing, this became possible after it received environmental clearance from the Ministry of Environment, Forests & Climate Change.

Apart from chemicals, Kanoria Chemicals has diversified business interests, including automotive and industrial electronics, renewable energy and textiles.

It has two chemicals manufacturing facilities, one at Ankleshwar in Gujarat, which manufactures alcohol-based intermediates; the second is at Visakhapatnam in Andhra Pradesh, which manufactures formaldehyde, hexamine and resins.

Kanoria Chemicals and Industries is currently trading at Rs71.15 up 4%, from its previous close of Rs68.55 on the BSE.

The scrip opened at Rs71 and touched a high and low of Rs73.35 and Rs70.35, respectively.


No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »