Vishnu Chemicals Limited (VISHNU)
Announcement under Regulation 30 of SEBI (LODR)Regulations, 2015 on execution of joint venture agreement between the Company and DCX Chrome SAS, France is enclosed.
Joint venture agreement executed between Vishnu Chemicals Limited and DCX Chrome SAS, France.
- JV to set up greenfield manufacturing facility at Vishakhapatnam, India
- Proposed capacity: 6,000 TPA of high purity chromium metal
- JV company to be incorporated in India, ownership split 50:50
- Equal board representation and affirmative consent required for key decisions
- JV secures access to DCX technology and raw material supply from VCL
Source: Original filing PDF
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Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
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