From Q4FY24 con call :
“But I can also point out that the spreads in the last quarter have been some of the lowest that we
have seen since we commenced operations. Just to give you an example, benzene is the raw
material for phenol and the price of benzene is the same as the price of phenol. So, we buy the
raw material, and we sell the finished product at the same price. It is as good as a negative margin
as you can imagine. So, the situation is seeming to improve. Whether it improves a little bit or
it improves in a more meaningful way is yet to be seen”
Disc: Not invested but tracking it…for future investment (below 2000) as I respect execution and focus of management in specialty chemicals
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