The right issue opened on January 27 and will close on February 10, 2023. The proceeds of rights issue are being utilized to reduce debt obligations, which will help to leverage for expansion in capacities in future. The company expects to achieve a growth rate of at least 25% every year as it is planning for expansion in capacity and other emerging opportunities in renewable space. Company has built expertise to build Wind Power Projects - from concept to commissioning. Wind Asset Management Solution for installed assets, including operations, billing, and collection of revenue to project customers.
Financial Performance
This story is from the February 2023 edition of Indian Economy & Market.
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This story is from the February 2023 edition of Indian Economy & Market.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Globalism, Freedom & Democracy Do Not Mix
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A World Bank report titled 'World Development Report 2024: The Middle-Income Trap' indicates that India may take up to 75 years to attain just a quarter of the United States' per capita income. The insights in the report provides a useful reality check for India's ambitious goals, such as becoming a developed economy by 2047 or reaching a $5 trillion economy within the next three years.
IN CONVERSATION: "We are working with a Vision 2035. I'm sure within next 5 years we will be ranking among the Fortune 500 companies.”
Sudarshan Pharma Industries Ltd., led by its promoters, Mr. Hemal V. Mehta, a chemical engineer, and Mr. Sachin V. Mehta, has established a strong foundation in specialty chemicals and bulk drugs. Their relentless enthusiasm is visible when they speak. Indian Economy & Market reached out, to piece together the company's achievements and new initiatives in detail.
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Sudarshan Pharma Industries Ltd. operates across various sectors in both the pharmaceutical and chemical industries, with a focus on specialty chemicals and intermediates, which find applications in Indian Le pharmaceuticals, paints, food products, and adhesives.
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AS the US weaponises the dollar in the Russian and Iranian sanctions, there is increasing desire by other developing countries to seek alternative currencies for trade, investment, and reserves, as well as developing alternative multilateral clearance systems outside of SWIFT.
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