Supreme Petrochem

The ongoing Lok Sabha elections have gained momentum following the release of Delhi CM Arvind Kejriwal from Tihar jail on Friday. Here are major election updates for May 11

Plastic products maker Supreme Industries Ltd on Friday reported an increase of 22 per cent in its consolidated net profit to Rs 256.17 crore in the third quarter ended December 2023. The company had posted a net profit of Rs 210.03 crore in the October-December period a year ago, according to a regulatory filing. Its total revenue from operations was up 6 per cent to Rs 2,449.10 crore in the October-December quarter. It was at Rs 2,310.71 crore in the corresponding period of previous fiscal. Total expenses of Supreme Industries were at Rs 2,152.66 crore, up 3.82 per cent in the December quarter. Supreme Industries' total income, which includes other income, was at Rs 2,469.81 crore, up 6.5 per cent in third quarter of current fiscal. Over the outlook, its Managing Director M P Taparia said, "The company remains optimistic for business opportunities and continues to commit more capex in line with its growth plans. "Total commitments including acquisition of business of Parvati A

Tata Power Renewable Energy Ltd (TPREL) on Friday said it has signed an agreement with Supreme Petrochem Ltd for setting up a 12.5 MW captive solar plant in Maharashtra. It has already signed a Power Delivery Agreement (PDA) with Supreme Petrochem Ltd through a Special Purpose Vehicle (SPV) TP Saturn Ltd in this regard, TPREL said in a statement. The plant will be set up at Achegaon in Maharashtra and will generate 27.5 million units of electricity every year. The plant is expected to reduce carbon emissions by 20,075 metric tonnes per annum and is expected to be operational within eight months of the signing of the PDA. "Our alliance with Supreme Petrochem Ltd to install 12.5 MW captive solar project will help them meet their sustainable energy requirements. We are supporting multiple C&I (commercial and industrial) consumers with intensive energy requirements to join the green energy transition process through our customised green energy solutions," Tata Power Renewable Energy ..

The Delhi Metro Rail Corporation (DMRC) has urged the Supreme Court to urgently take up its curative petition against the top court's 2021 order dismissing its plea that had sought a review of a verdict that upheld a 2017 arbitration award in favour of the Delhi Airport Metro Express Private Limited (DAMEPL), a Reliance Infrastructure subsidiary, enforceable against it. Attorney General R Venkataramani told a bench headed by Chief Justice DY Chandrachud on Friday that the DMRC's curative petition was pending before the apex court since August last year. He told the court that the matter needs to be considered urgently and referred to a March 17 verdict of the Delhi High Court that directed the Centre and the city government to attend to the DMRC's request for extension of sovereign guarantees or subordinate debt to enable it to make payment of the dues of an arbitral award passed in favour of the DAMEPL. The bench told Venkataramani that it will consider the matter soon. In Februar

SPL's capacity expansion plans in the polystyrene and expandable polystyrene (EPS) segments, along with healthy demand, will support healthy volume growth over the medium term, CRISIL said

The stock rallied 12% to Rs 150 on the BSE on back of heavy volumes.