“The continuous and increasing influx of Chinese imports was
unabated in this quarter. In order to retain their market share,
Indian manufacturers were forced to cut their prices to align
with import rates, which are lower by INR 4-5/kg. The industry
has been grappling with an erosion of margin. This has had an
adverse impact on profit margins despite a higher volume of
sales.
To further increase the share of renewable energy, the company
has signed PPA and SHA with Onevolt Energy Pvt Ltd, a 100%
subsidiary of Amplus Energy Solutions Pte Ltd, to procure solar
power as a captive consumer under the Inter -State
Transmission System (ISTS) for both its plants in Dahej and
Dadra.”
MADHU SUDHAN BHAGERIA
Chairman & Managing Director
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