Chemplast Sanmar Ltd announced its expectations to commission its Paste PVC expansion project by the fourth quarter of the current financial year. However, the company reported a consolidated net loss of Rs 89.38 crore during the October-December 2023 quarter, compared to a profit of Rs 27.14 crore in the same period last year. The MD attributed this downturn to various factors including a further correction in PVC prices due to dumping from China, slowdown in other chemicals business, and increase in key feedstock prices.
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