Oriental Aromatics jumped 8.08% to Rs 568.65 after the company said that its proposed Greenfield project in Mahad (Maharashtra) received environmental clearance.
The company's wholly owned subsidiary, Oriental Aromatics & Sons, secured the environmental clearance for the proposed Greenfield project for manufacturing speciality chemicals & chemical intermediates at Mahad, Raigad, Maharashtra.The State Environment Impact Assessment Authority (SEIAA), Ministry of Environment, Forest and Climate Change, Government of India, granted the environmental clearance vide its letter dated 9 June 2022.
Oriental Aromatics are engaged in the manufacturing and sale of fine chemicals i.e. camphor, perfumery & specialty aroma chemicals, fragrances and flavour in India.
On consolidated basis, the speciality chemicals company reported 53.2% decline in net profit to Rs 10.48 crore on a 8.4% fall in net sales to Rs 202.87 crore in Q4 FY22 over Q4 FY21.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app