News Snapshot:
[Life Style] Capital investment in Indian specialty chemicals, which will increase by 50% in 2010: CRISIL Rating agencies conducted a survey of 106 specialty chemical manufacturers, which account for a quarter of the sector’s annual revenue of 30,000 rupees. Operating profitability in this sector is healthy at 18-20% due to increased operating leverage. This, along with a strong balance sheet backed by sound cash flow and recently procured equity, will stabilize the credit outlook for companies rated by CRISIL, despite increased capital investment. According to CRISIL Ratings, the recovery of domestic demand and continued strong exports will increase the capital...
