Indo Amines receives approval for four products from EU

The company has successfully registered four products for sale in the European Union region. Following the development, the stock of Indo Amines gained more than 6 per cent in early trade on Thursday.

Indo Amines informed that four of its products namely, Tallow Amines, Oleyl Amines, Phenoxy Ethanol and Lauryl Nitrate were registered under EU Reach legislation, which regulates chemicals manufactured or imported into the EU region.

The company have received an approval for selling of 1000MT/Y for each of these products in the European market. Another six products will be registered under this program in the FY18-19, said the company in a filing to the exchanges on Thursday.

This permission will significantly increase the company’s revenues from this region.

Meanwhile, at 10:28 hours, the stock of Indo Amines was quoting Rs. 130.00 per share, up Rs. 7.15or 5.82 per cent, when the benchmark index BSE Sensex was being dragged down and was at 37,296.40 point, down by 225.22 points or 0.60 per cent, on Thursday.