Kanoria Chemicals & Industries Limited has announced that commercial production of the Phenolic Resin Plant at Ankleshwar, Gujarat with 6500 MTPA capacity, will commence from 1st January 2023.
It will be able to produce 6500 MTPA of phenolic resin annually at the Ankleshwar, Gujarat plant.
In India, the main business of Kanoria Chemicals & Industries is producing industrial chemicals.
Comparing Q2 FY22 to Q2 FY23, the company reported a net loss of Rs 142.5 million versus Rs 56.4 million net profit. In Q2 of FY23, net sales increased by 6.6% to Rs 3.61 billion.