Discover and read the best of Twitter Threads about #ACI
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Archean Chemical Industries Limited's rating has been upgraded to [ICRA]BBB+(Stable) and withdrawn. The upgrade is due to the company's improved financial risk profile after raising Rs. 805 crore through an initial public offering (IPO) in November 2022. (1/4)
#ACI #ICRA2023
#ACI #ICRA2023
The IPO proceeds were used to redeem non-convertible debentures, strengthening the capital structure & coverage metrics. Revenues & operating profitability remained strong in FY2022 & 9M FY2023, supported by robust demand & healthy realizations for bromine & industrial salt (2/4)
The rating takes into consideration the company's competitive advantage, long-term offtake agreement with Sojitz Corporation, and exposure to external factors such as excessive rainfall. (3/4)
Finally a media outlet that has listened to us -this piece doesn't carry all detail/info but it does finally out Patrick Curran who is racist spokesperson/organiser of #Oughterard campaign & who has worked closely with far-right agitators -Curran is STILL involved in the campaign
#Oughterard still have lots of work to do weeding out ties to far-right & racists The fact that far-right were heavily involved in #Oughterard from get go is a huge wake up call to this country. The racism, Islamophobia & far-right prop that was spewed EVERYWHERE was frightening!
The far-right were also involved in #Lisdoonvarna, #Moville, #Rooskey etc.. They latch on to a few racist, like minded locals and drive the narrative. Anyone who criticises them or calls them out, is accused of calling the whole village or town racist - similar tactics everywhere
