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Our Bureau

New Delhi, Nov. 2

Amrit Banaspati Company Ltd (ABCL) has reported a growth of 6.38 per cent in its net profit for the second quarter ended September 30, to Rs 3.33 crore against Rs 3.13 crore in the corresponding period last fiscal. It also recorded an increase of 13.42 per cent in its Q2 net sales to Rs 128 crore (Rs 112.85 crore). According to a company release, Mr N.K. Bajaj, Chairman and Managing Director, ABCL, also said that the company had undertaken a restructuring plan.

Under the restructuring plan, the company will de-merge its paper business into a separate entity, while the edible oils business will be merged with Amrit Enterprises Ltd, another edible oil company of the group, increasing the net worth and scale of operations of the combined entity.

More Stories on : Oilseeds & Edible Oil | Financial Performance

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HFCL Q2 net up 80 pc

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