Deepak Nitrite Ltd., a chemical manufacturer in India, announced its results for the final quarter and financial year ended 31 March 2021. Q4 YoY Results: The company’s net profit increased 68.4% to Rs 290.11 crore ($39.2 million) in the quarter ended March 2021 as against Rs 172.3 crore ($23.3 million) during the prior year quarter. … Read more
Umicore and BASF have entered into a non-exclusive patent cross-license agreement covering a broad range of cathode materials and their precursors. The agreement also covers chemistries such as nickel manganese cobalt (NMC), nickel cobalt aluminum (NCA), nickel manganese cobalt aluminum (NMCA) and high manganese (HLM). Cathode materials are critical for the performance, safety and cost … Read more
Tata Chemicals Ltd. has announced fall in net profit for its fourth quarter and full-year ended 31 March. Q4 Results The company’s consolidated net profit slumped 85% to Rs 290 million ($3.93 million) in fourth quarter 2020-21 compared to prior year quarter’s Rs 1.98 billion ($26.8 million). Revenue from operations grew 11% to Rs 26.36 … Read more
Reliance Industries Limited announced fall in Oil to Chemicals segment (O2C Limited) earnings for full-year 2020-21 due to lower margins and weak demand. Fourth Quarter YoY: 4Q FY20 revenue from the Oil to Chemicals segment increased by 4% Y-o-Y to Rs 1010.8 billion ($ 13.6 billion) as against Rs 967.32 billion ($ 13.03 billion) in … Read more