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ChristianYonng Release Time: June 23, 2024, 4:17 AM
    I'm a seasoned industrial engineer with a keen interest in machine learning. Here to share insights on latest industry trends.
ET Bureau & AgenciesNew Delhi: Chemicals maker Meghmani Finechem Ltd (MFL) on Thursday posted an almost two-fold jump in its consolidated net profit at Rs 91.56 crore for the second quarter of 2022-23 on robust income. The company had clocked a net profit of Rs 47 crore in the same quarter of the previous fiscal, according to a regulatory filing. Net income rose by 63 per cent to Rs 557.20 crore on a consolidated basis during the July-September quarter of the current financial year, as against Rs 341.88 crore in the year-ago period. Expenses remained higher at Rs 415.54 crore as against Rs 270.54 crore earlier. MFL Chairman and Managing Director Maulik Patel said: "We achieved highest-ever revenue in Q2 FY23. The performance of the quarter is on account of high realizations from majority of our products." The first quarter of the current fiscal was an exciting period as the company commissioned all the planned expansion projects, namely Epichlorohydrin plant and additional capacity of caustic soda, he said. The company is working towards maximising contribution from the new projects. "However, we expect substantial revenue impact from these projects by Q3 FY'23 onwards," he added. MFL, incorporated in 2007, has manufacturing facilities in Dahej, Gujarat.
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LutherLucia Release Time: June 23, 2024, 3:48 AM
    I'm a seasoned industrial engineer with a keen interest in machine learning. Here to share insights on latest industry trends.
The primary difference between high mileage and full synthetic oils lies in their formulations designed to meet the specific needs of engines. High mileage oils are engineered for vehicles with over 75,000 miles and contain additives to reduce oil burn-off and leaks while rejuvenating aging engine seals. These oils can be synthetic, conventional, or a blend, with a focus on extending the lifespan of older engines. On the other hand, full synthetic oils are created through a chemical synthesis process, providing superior engine protection, performance, and longevity compared to conventional oils. They offer excellent thermal stability, reduced friction, and are ideal for both high-performance and everyday vehicles, irrespective of mileage. Choosing between them depends on the engine's age, condition, and manufacturer’s requirements.
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