SPIC net profit in Q4 down to Rs 7.67 crore
In the last quarter of FY22, SPIC registered an income of Rs 284.47 cr and net profit of Rs 7.67 cr compared to an income of Rs 372.26 cr and net profit of Rs 42.49 cr during the corresponding period of the previous year.
In the year ended March 2022, it earned a total income of Rs 1898.31 cr against Rs 1555.58 cr during the corresponding previous year. During the year, the company recorded an operating profit of Rs 140.43 cr and net profit of Rs 140.43 cr vis-a-vis the operating profit of Rs 46.62 cr and net profit of Rs 51.85 cr in the previous year. In 2022, India produced over 42 million metric tons of fertilisers. The
Centre aims to make the country self-sufficient in fertiliser production by 2023.
Ashwin Muthiah, Chairman, SPIC and Founder-Chairman, AM International, Singapore, said “The last year was a milestone year for SPIC. We moved to natural gas-based operations and power generation from the floating solar power plant. Besides making our operations environment-friendly, these measures positively impacted our operational efficiencies and margins and created value for the entire stakeholder ecosystem. As a result, our performance and profitability have improved significantly during the year.”
In 2022, India produced over 42 million metric tons of fertilisers. The Centre aims to make the country self-sufficient in fertiliser production by 2023
Adani Enterprises’ subsidiary, Adani Defence Systems and Technologies Ltd has signed a definitive agreement to acquire 50 per cent stake in General Aeronautics Private Ltd.
In its regulatory filing, Adani said: “With reference to the captioned subject, we would like to inform you that Adani Defence Systems and Technologies Ltd - a wholly owned subsidiary of Adani Enterprises Ltd -has signed definitive agreement to acquire 50 per cent stake in General Aeronautics Private Limited on May 27, 2022.”
General Aeronautics provides robotic drones and drone-based solutions for crop protection, crop health, precision farming, and yield monitoring using artificial intelligence and analytics for the agricultural sector.