Meghmani Finechem Limited (MFL), a leading integrated chemical manufacturer in India, will be making a debut in the MSCI India Domestic Small Cap Index. This addition was done as a part of MSCI’s semi-annual quarterly index review for the Asia-Pacific region. The new additions to the indices will be effective from November 30, 2022. Recently, Meghmani Finechem Limited delivered a strong operating and financial performance in line with its commitment to growth. The revenue rose 64% to Rs. 556 crore on account of high realizations from the majority of its products. EBITDA increased by 79% to Rs. 180 crore while maintaining an EBIDTA margin of 32% vs 30% in Q2FY22. In addition, PAT increased by 95% to Rs. 92 crore, and PAT margin improved by 267 bps for Q2FY23. In H1FY23, MFL commissioned India’s 1st Epichlorohydrin plant, India’s largest CPVC resin plant, and an additional capacity of Caustic Soda. All three projects were completed within committed timelines and within...

Price trend According to the data monitored by toodudu, the price of calcium carbide method SG5 PVC fell this week. The average domestic PVC price was 6,850 RMB/ton on last Friday, and the average price on this Friday was 6,498.57 RMB/ton, down 5.13% during the week. Analysis review This week, the domestic spot market of PVC continued to decline. The price of PVC futures fell on the 15th, suppressing the spot market sentiment. Most manufacturers did not offer external quotations, and there was a negotiation for one order. Most downstream enterprises and traders were wait-and-see, the inquiries were acceptable, the spot transactions were average, the downstream purchases ere cautious, and the orders were mainly received on demand. In terms of international crude oil, on July 14, the price of international crude oil futures rebounded after bottoming out and closed down slightly. The settlement price of the main U.S. WTI crude oil futures contract was 95.78 US dollars/barrel, a decrease...