BEL Share latest news today
Chairman and Managing Director Issued the second provisional dividend check of Rs. 174,43,63,569.20 / - (One hundred seventy four crores forty seven lakh sixty three thousand five hundred and sixty four paise) to be paid only in shares held by the President of India, Honorable Minister. Defense, Shri Rajnath Singh, New Delhi on 30 March 2021. Bel has announced a second interim dividend (Rs. 1.40 / - per share) of 140% for shareholders for the financial year 2020-21.
This is the 18th year interim dividend. BEL paid a total dividend of 280% on fee-capital for the financial year 2019-20.
Ultratech Cement Share latest news
Last week, UltraTech Cement Ltd. repaid Rs 5,000 crore in long-term debt. This is in line with the company's efforts to maintain an optimal capital structure.
Despite the challenging circumstances and severe business difficulties in the first quarter of the current financial year, the loan was repaid by the company through free cash flow from the previous few quarters.
Chennai-based Tamil Nadu Petro Products Limited is a member of AM International Group's petrochemicals division, which includes extensive expansion and modernization projects:
- Increase in capacity of LAB division,
- Renovation of caustic soda facilities and
- Installation of Propylene Recovery Unit (PRU)
Under the above schemes, the capacity of LAB will increase from 120,000 tpa to 145,000 tpa, about Rs. 240 crores Rs. The plan will be released with regulatory approval within 24 months.
For HCD, the company will pay Rs. 165 crores for modernization of caustic soda and chlorine unit by modifying mono-polar membrane technology. After about 18 months of approval, caustic soda production capacity will increase from the current 150 tonnes to 250 tonnes per day. At current price levels, the project is expected to account for approximately 70% of additional revenue with improved / increased value.
Propylene Recovery Unit (PRU) is the first private sector player in India to invest in the crude sector for about one rupee. 30 crores Rs. It will be installed in the same PO production complex, which saves significant trucking and energy costs. Propylene, the total chemical intermediate, is the raw material for propylene oxide and is derived from LPG.
In line with the group's optimal leverage philosophy, a significant portion of the expansion will be funded by internal resources and the rest by sources.
Mr. Aswin Muthiah, founding vice-president of TPL and AB International, said, Company is the first non-refined Indian private sector company to build a propylene recovery unit plant. It demonstrates our commitment to excellence in continuous improvement. Sophisticated technological solutions. It is in line with our team's philosophy to increase margins by introducing better processes and value additions.
After COVID-19, we will have an important goal to develop skills at home, in line with the vision of the Government of India, this expansion is in line with AM International's vision to ensure that our manufacturing assets meet the best environmental, health and safety standards.
CEO of AM International's Petrochemicals Group, Mr.M. Ravi said, "These projects will make the country credible in this segment by meeting domestic demand. This is our way of ensuring that our manufacturing expertise is supported." The local voice is "work".
COMPANY is a thirty-year alkaline benzene liner (LAP) manufacturer and production facility for heavy chemicals and propylene oxide.
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