Bodal Chemicals resumes full operations

Bodal Chemicals has informed the bourses that it has re-established the complete production of dye intermediates and dyestuff operations which were disrupted and closed partially on October 22, 2018, due to an environmental issue — leakage of ammonia. 

After closure of the plant, the company had informed on November 5, 2018, that it had restarted majority of the dye intermediate operations. Now the company has resumed remaining of the dye intermediates and dyestuff operations. 

In the recently concluded quarter (Q3FY19), Bodal reported 9 per cent yoy growth in revenue to Rs. 331.5 crore. Net profit in the quarter grew marginally by 4 per cent yoy to Rs. 31.8 crore. 

With this positive development, the stock of Bodal Chemical surged nearly 6 per cent to touch intra-day high of Rs. 95.70. At 15.08 hours the stock was trading at Rs. 95 apiece.

Bodal Chemicals Ltd is a fast-growing company in the field of manufacturing dye intermediates and dyestuffs. The products of the company include direct dyes, acid miling dyes, metal complex dyes acid, VS-based dyes, H dyes, HE dyes, M dyes and bifunctional dyes.