BASF India

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The company reported a net profit of Rs 197.28 crore in Q1FY22 as against a loss of Rs 31.18 crore in Q1FY21

Healthy demand, focus on cost optimisation and expansion plans drive optimism

The project study comprised a world-scale propane dehydrogenation plant, a polypropylene (PP) production and an acrylics value chain complex

The agrochemicals segment, however, should be able to offset some of the growth challenges

Last week, BASF India announced that the company has acquired 100 per cent stake in BASF Performance Polyamides India.

Net revenue rose to Rs 1,769.7 crore in April-June quarter of fiscal year 2020-21 from Rs 1,613.7 crore in the corresponding quarter a year ago

"The company has received an overall consideration of Rs 595.16 crore towards the said divestiture," BASF India said

In India, BASF's Construction Chemical business, which forms part of the Surface Technologies segment, has generated sales of Rs 484 crore for the year ended 31st March, 2019.

The Company has received a consideration of Rs 33.50 crore subject to necessary working capital adjustments

Currently, Reliance Industries Ltd is a major supplier of petrochemicals along with government-owned refiners.

The leather chemicals business stands transferred to Stahl India from September 30, 2017

The stock moved higher by 10% to Rs 1,120, bouncing back nearly 14% from intra-day low on the BSE.

The stock was up 5% to Rs 1,060 on the BSE in intra-day trade.

The stock surged 9% to Rs 1,008 on the BSE in early morning trade.