| – | Dye intermediates have seen a subdued performance because of volatile consumption of end-user industries. Destocking of inventories is also going on. They are being imported to India from China. |
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| – | Caustic Soda business has done very well. Technology upgradation at Rajpura Unit has been completed so demand for Caustic Soda will be addressed at better efficiency with lower costs. |
| – | Power, fuel & Logistics costs have increased. |
| – | Part of the construction activity has been delayed due to prolong monsoon and labor shortage in the previous two quarter. Our Saykha Greenfield Project is expected to start trial run of Benzene Derivatives in Q2FY24. Once this new site is stabilized, we will start the trial run of Sulphuric Acid by Q4FY24. As a part of the project review, product MPDSA, PNA, 2,4 DNCB is kept on hold. |
| – | Subsidiaries have not been performing well due to weak macroeconomic environment. |
| – | Global MNCs have started sourcing from India to de-risk their supply chain. Power crisis in Europe has started to give immense opportunity to India to gain wallet share in the market. |
| – | 3 strategic objectives: grow existing capacity, increase export business & finish Saykha project. |
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