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Octant Industries bags order for castor oil derivatives business

06 Jan 2012 Evaluate

Octant Industries has bagged domestic order worth Rs 1 crore and export order of Rs 2 crore for castor oil derivatives business. The company expects the future castor business to be bright in this year and as well as FY13, as the area under castor cultivation in 2011-12 rose to 8.11 lakh hectares from 5.19 lakh hectares.

In 2011-12 castor production in Gujarat and Andhra Pradesh is expected to be in the range of 1-1.1 million tones, considering the substantial increase in acreage. The company is expecting more business during the fiscal years 2012 and 2013. This will help the company to procure the raw materials at cheaper rate by booking more margins in export sales.

Octant Industries is engaged in software development, information technology enabled services, contact centre customer services and back office transaction services. Its software development services of the company include system design and architecture, product development life cycle management, database design and integration, business process automation, user interface etc.

Peers
Company Name CMP
SRF 2661.20
BASF India 3670.35
Pidilite Inds. 1570.90
Tata Chemicals 684.50
GNFC 503.35
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