Wednesday, 19 June 2024
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BusinessIndia

Indian Metals and Ferro Alloys Invested in Ethanol Business

  • The record date for the exceptional profit has been fixed as April 8, 2024, the organization informed stock trades in a document.
  • The record date is to learn the qualification of investors for the installment of the profit.

The leading body of Indian Metals and Ferro Amalgams on Friday supported Rs 200 crore interest in the ethanol business and its unified results.

It will help in broadening into a new line of business to further develop the Organization’s item portfolio.

Indian Metals and Ferro Alloys in Ethanol Business

Further, the organization reported a unique profit of Rs 15 for every offer for the monetary year 2023-24, finishing March 31, 2024.

The exceptional profit will be paid to those investors at the latest Saturday, April 27, 2024, the organization said in the trade documentation.

A profit is a prize that organizations frequently give to their investors, however, it isn’t obligatory, from a piece of their income.

Indian Metals and Ferro Combinations is a maker of ferro compounds, straddling the worth chain from mining to purifying.

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