India's Kanoria Chemicals jumps on capacity expansion

Kanoria Chemicals and Industries

03/09/2024 07:46

** Shares of Kanoria Chemicals & Industries  KNRC.NS  rise
as much as 8.7% to 134.55 rupees
    ** Chemical intermediates manufacturer on Monday said it has
completed expansion of its formaldehyde production capacity at
Ankleshwar, adding additional capacity of 345 metric tons per
day (MTPD)
    ** Also, added additional production capacity of 18 MTPD to
its Hexamine plant at Ankleshwar - KNRC
    ** Trading vol 6.6x 30-day daily avg
    ** Stock down 2.4% YTD



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))