In recent months, India has focused on its relations with Iran. Talks have progressed especially on increasing connectivity through the International North-South Corridor (INSTC) and Chabahar Port. Prime Minister Narendra Modi also met Iranian President Ibrahim Raisi at the SCO Summit held in Samarkand recently. Connectivity links were emphasized in this meeting.
Indian companies have avoided importing oil from Iran due to US sanctions. According to the ROC filing, the turnover of Tibalaji as of March 2021 was Rs 597.26 crore. As of March 2022, the company had a cash reserve of Rs 4.17 crore and a net worth of Rs 4.18 crore. The company was formed in August 2018. Then its name was Tiba Petrochemical. The company changed its name to Tibalaji Petrochemical in March 2020. In January, the company had passed a resolution asking it to trade in agricultural products as well. As of June 2022, its authorized share capital was Rs 10 lakh and paid up capital was Rs 1 lakh. It has two directors Harshad C Mande and Ashutosh Vijay Tallu on its board.
Source: navbharattimes.indiatimes.com
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