![PCBL Q1 Results: Net profit rises 21% to Rs 126 crore](https://img.etimg.com/thumb/msid-93031759,width-210,height-158,imgsize-117108,resizemode-75/pcbl-q1-results-net-profit-rises-21-to-rs-126-crore.jpg)
Inflationary pressure led to a rise in total expenditure during the quarter under review to Rs 1260 crore against Rs 877 crore in the year ago period.
The company is setting up a greenfield project in Chennai which is expected to be commissioned by the third quarter of this fiscal. The plant will have a capacity of 1,47,000 tonnes of carbon black and produce 24 MW of green power.
Another 40,000 MTPA brownfield project at Mundra in Gujarat, is also under execution in two phases. The first phase is expected to be operational by the end of the current fiscal, the PCBL said.
The company earlier approved a split of the equity shares of Rs 2 each into two shares of Re 1 each effective from April. PTI BSM NN NN
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