Andhra Petrochemicals Ltd Stock Quotes and Charts
Andhra Petrochemicals Ltd (APL) has signed a technology licence and engineering supply agreements with Davy Process Technology Ltd, London (Davy), for the expansion of its existing Oxo Alcohols Plant at Visakhapatnam. <br><br>The Rs 320-crore expansion will increase production capacity to a total of 73,000 tonnes per annum (tpa) from the current production level of 40,000 tpa. The plant is scheduled to go into operation by 2010.<br><br>Gud Buy for Long term Investor......
The management is trustworthy.<br>They have gone for expansion and plant is shut down.They informed that it will resume production in the month of January 2010.Is there any news on that.....
Andhra Petrochemicals reported net profit of Rs 10.57 crore in the quarter ended December 2010 as against net loss of Rs 1.73 crore during the previous quarter ended December 2009. Sales rose 208.62% to Rs 114.25 crore in the quarter ended December 2010 as against Rs 37.02 crore during the previous quarter ended December 2009.
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