Laxmi Organic shares in focus after receiving environmental clearance for new Dahej site
By Aditya Bhagchandani Published on May 2, 2025, 11:33 IST
Shares of Laxmi Organic Industries Ltd may see investor attention after the company announced it has received Environmental Clearance (EC) from the State Environment Impact Assessment Authority (SEIAA), Gujarat, for its upcoming synthetic organic chemicals manufacturing facility at Dahej, Gujarat.
The new plant, to be set up in Village Jolve and Vadadala, District Bharuch, marks a major milestone in the company's expansion strategy. The facility will support the manufacturing of essential and speciality chemical products and is equipped with advanced safety protocols.
In a press release, Managing Director and CEO Dr. Rajan Venkatesh stated, 'We are excited to announce that our upcoming site at Dahej, Gujarat, has received the Environmental Clearance, which marks a significant stepping stone in the commissioning of the facility in line with our guided timeline. This project will offer our customers a wide range of product portfolio across Essentials and Specialities chemicals.'
The company plans to leverage this project to increase capacity, introduce new products, and reinforce its global competitiveness through innovation and customer-centricity. This development is expected to play a key role in driving Laxmi Organic's next growth cycle.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
3 hours ago
- Business Upturn
RailTel secures Rs 243 crore order from Bihar Education Project Council
By Aditya Bhagchandani Published on June 7, 2025, 22:30 IST RailTel Corporation of India Ltd has bagged a major domestic order worth Rs 243.11 crore from the Bihar Education Project Council (BEPC). The work order was received late on June 6, 2025, and was disclosed to stock exchanges on June 7. According to the official filing, RailTel will supply student kits for students from Class 1 to Class 12 enrolled in government schools across Bihar. The order is scheduled to be executed by August 14, 2025. The contract involves only supply-related deliverables and does not fall under the related-party transaction category. RailTel also confirmed that the promoter or promoter group has no direct or indirect interest in this deal. The move strengthens RailTel's position in the education infrastructure and services sector, particularly in state-led initiatives. The project is a significant step forward in enhancing educational tools and accessibility for school-going children in Bihar. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
3 hours ago
- Business Upturn
RailTel secures Rs 15.96 crore order from Department of Education, Himachal Pradesh
By Aditya Bhagchandani Published on June 7, 2025, 22:32 IST RailTel Corporation of India Limited has secured a significant order worth Rs 15.96 crore from the Department of Education, Samagra Shiksha, for the supply of essential equipment across schools in Himachal Pradesh. The work order, received on June 6, 2025, at 10:45 PM, entails the supply of UPS systems and printers to 5,507 government primary schools (GPS) across the state. The nature of the order is purely domestic and falls under the supply category. It is scheduled for execution by October 6, 2025. As per the official communication, this contract is not related to any promoter group or related party transactions and was executed at arm's length. This development adds to RailTel's growing list of digital and infrastructure projects, particularly in the education and governance sectors, reinforcing its role in India's digital transformation. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
9 hours ago
- Business Upturn
Nazara Technologies acquires Smaaash Entertainment, invests Rs 126 crore
By Aditya Bhagchandani Published on June 7, 2025, 16:23 IST Nazara Technologies Limited has officially acquired Smaaash Entertainment Private Limited, marking a strategic expansion in the gaming and entertainment space. The development follows the approval of Nazara's resolution plan by the National Company Law Tribunal (NCLT), Mumbai Bench. As part of the deal, Nazara has infused Rs 10 crore in equity to acquire 100% of Smaaash's shareholding, making it a wholly owned subsidiary. Additionally, the company extended an unsecured inter-corporate loan of Rs 116 crore to Smaaash for settling creditor dues, bringing the total investment to Rs 126 crore. Smaaash, known for its immersive gaming and entertainment centres across India, reported revenue of Rs 112.34 crore in FY24. The acquisition, completed on June 6, 2025, aligns with Nazara's strategy of inorganic growth in the gaming sector. The company also stated that the acquisition was not a related party transaction and all required regulatory approvals were obtained. Nazara now has full control over Smaaash's operations, which include popular entertainment offerings such as bowling, go-karting, and other gaming formats across 11 locations in India. The move is expected to strengthen Nazara's presence in the experiential gaming domain. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
