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Ambalal Sarabhai Group's Rs 1,000 crore investment to create 1,000 jobs in Gujarat
The Ambalal Sarabhai Group, one of the leading business conglomerates in Gujarat, is planning to invest Rs 1,000 crore in the state over the next five years. The investment is expected to create 1,000 new jobs.
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Ambalal Sarabhai Enterprises reports strong Q4 results
Ambalal Sarabhai Enterprises Ltd (ASEL) has reported a strong set of results for the fourth quarter ended March 2023. The company's net profit rose by 25% to Rs 100 crore, while its revenue grew by 15% to Rs 500 crore.
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Ambalal Sarabhai Group to launch new textile plant in Surat
The Ambalal Sarabhai Group is planning to launch a new textile plant in Surat, Gujarat. The plant will be spread over 100 acres and will produce a variety of textiles, including cotton, silk, and wool.
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ASEL signs MoU with CIPET for skill development
Ambalal Sarabhai Enterprises Limited (ASEL) has signed a Memorandum of Understanding (MoU) with the Central Institute of Petrochemicals Engineering & Technology (CIPET) to develop and enhance skill sets of technical manpower in polymer processing.
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ASEL's net profit rises 20% to Rs 115 crore in Q3FY23
Ambalal Sarabhai Enterprises Limited (ASEL) reported a 20% increase in its net profit to Rs 115 crore for the third quarter ended December 31, 2022, as compared to Rs 95 crore in the same period last year.
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ASEL to invest Rs 300 crore in new PET plant
Ambalal Sarabhai Enterprises Limited (ASEL) is planning to invest Rs 300 crore in setting up a new polyethylene terephthalate (PET) plant in Gujarat.