Alkyl Amines board to consider stock split, shares jump
Alkyl Amines board will also will also consider declaration of interim dividend, if any in its February 2nd meeting
Specialty chemical company Alkyl Amines has communicated to the BSE that its board will meet on 2nd February to consider approve December quarter results and stock split.
The board will also will also consider declaration of interim dividend, if any, and the proposal to set up new projects including Amines.
Alkyl Amines is a supplier of amines and amine-based chemicals to the pharmaceutical, agrochemical, rubber chemical and water treatment industries, among others.
Alkyl Amines shares were trading 6% higher at ₹4124 on BSE in late trade.
According to the company's website, it has three manufacturing sites with 12 production plants and related utilities at Patalganga and Kurkumbh in Maharashtra and Dahej in Gujarat. The company has an R&D centre at Hadapsar, Pune.
In September quarter, Alkyl Amines had posted strong growth in revenue from operations at ₹291 crore as compared to ₹245 crore in the June quarter.
In one year, shares of Alkyl Amines have surged 255% tracking a broad rally in chemcials space.
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