India’s Asian Paints Reports 28.2% Decline in YoY Q2FY21 Net Profit

Asian Paints Ltd., a paints and coatings manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 4.8% to Rs 595.96 crores ($79.7 million) for the period ended September 30, 2021 as against net profit of Rs 568.5 crores ($76 million) for … Read more

Rallis India Reports 32% Decline in YoY Q2FY21 Net Profit

Rallis India Ltd., a agrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQThe company’s net profit dropped 31.4% to Rs 56.49 crores ($7.6 million) for the period ended Sep-tember 30, 2021 as against net profit of Rs 82.34 crores ($11 million) for the previous quarter. … Read more

India’s Navin Fluorine Reports 6.7% Decline in YoY Q2FY21 Net Profit

Navin Fluorine International Ltd., a fluorochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 13.1% to Rs 63.22 crores ($8.4 million) for the period ended September 30, 2021 as against net profit of Rs 55.91 crores ($7.4 million) for the … Read more

India’s DCM Shriram Reports 33.4% Growth in YoY Q2FY21 Net Profit

DCM Shriram Ltd., a chlor-alkali and chloro-vinyl manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQThe company’s net profit grew 0.2% to Rs 157.87 crores ($21 million) for the period ended September 30, 2021 as against net profit of Rs 157.5 crores ($21 million) for the … Read more

India’s Ishan Dyes and Chemicals Reports 6.3% Rise in YoY Q2FY21 Net Profit

Ishan Dyes and Chemicals Ltd., a dye and dyestuff manufacturer based in India announced its results for the first quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 3.1% to Rs 3.18 crores ($0.42 million) for the period ended September 30, 2021 as against net profit of Rs 3.09 crores ($0.41 … Read more

Uzbekneftegaz’s Shurtan Gas Chemical Complex to Attract $1.28 Billion for its Expansion

Uzbekneftegaz JSC, the state-owned holding company of Uzbekistan’s oil and gas industry, has announced the signing of agreements with three of Europe’s leading banks to finance capacity expansion of Shurtan Gas Chemical Complex. The cooperation agreements relate to €1.1 billion of capital to finance the expansion of the Shurtan Gas Chemical Complex’s (Shurtan GCC Upgrade … Read more

Hexion Holdings to Launch IPO, Spinoff Epoxy Business

Hexion Holdings Corporation today announced its plan to separate into two independent companies through an IPO and spinoff of its epoxy business. The two companies will be Hexion Holdings, composed of the Company’s Adhesives and Versatic Acids and Derivatives product lines, and Hexion Coatings and Composites (US) Inc. (HCC), composed of Hexion Holdings’ former epoxy-based … Read more

Azelis IPO sets Final Offer Price of IPO, Raises $2.1 Billion

Azelis SA, a chemical distributor, and its shareholders raised €1.77 billion ($2.1 billion) in the biggest Belgian initial public offering since 2007. The shares priced at €26 ($30.6), at the top end of the initial range, and will start trading on Friday, according to a statement Thursday. The IPO values Azelis at €6.1 billion ($7.2 … Read more

PPG Reports Worsening Supply Disruptions, Customer Parts Shortages

PPG announced that it expects sales volumes in the third quarter 2021 will be lower by $225 million to $275 million, compared to what the company anticipated at the start of the third quarter. PPG’s sales volumes are being impacted by the increasing disruptions in commodity supplies; further reductions in customer production due to certain … Read more

Chemplast Sanmar Redeems NCDs Worth Rs 1238.25 Cr

Chemplast Sanmar announced that it has redeemed, on 31st August 2021, the entire outstanding non-convertible debentures (NCDs) that were issued in December 2019 by the company. The redemption of these NCDs amounting to Rs 1238.25 crores ($169.5 million), which was part of the objects of the primary issue, was made using the net proceeds of … Read more

Anupam Rasayan Signs LOI worth Rs 135 Cr with Japanese Multinational

Anupam Rasayan India Ltd has received and signed Letter of Intent (LOI) amounting Rs 135 crore ($18.5 million) with a Japanese Multinational Chemical company for supplying a life science related speciality chemical product. The specialty chemicals firm will enter into a long-term contract with the Japanese multinational firm for next four years to supply this … Read more

Phillips Carbon Black Ltd Board Approves Fund Raising

Phillips Carbon Black Ltd announced that its Board of Directors at a meeting held on Friday, 27th August, 2021, have considered and approved the raising of funds for an aggregate amount not exceeding Rs 500 crores ($68.5 million). The company plans to raise funds through issue of securities by way of private placement or preferential … Read more

India’s Meghmani Finechem Reports 13% Rise in QoQ Q1FY21 Net Profit

Meghmani Finechem Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 13% to Rs 36.95 crores ($5 million) for the period ended June 30, 2021 as against net profit of Rs 32.76 crores ($4.4 million) for the previous … Read more

India’s Meghmani Organics Reports 136.5% Rise in YoY Q1FY21 Net Profit

Meghmani Organics Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 90.3% to Rs 68.56 crores ($9.2 million) for the period ended June 30, 2021 as against net profit of Rs 36.02 crores ($4.8 million) for the … Read more

India’s Bodal Chemicals Reports 251.4% Rise in YoY Q1FY21 Net Profit

Bodal Chemicals Ltd., a dyes & chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 27% to Rs 29.85 crores ($4 million) for the period ended June 30, 2021 as against net profit of Rs 23.57 crores ($3.2 million) for … Read more

Himadri Speciality Chemical India Reports 279% Rise in YoY Q1FY21 Net Profit

Himadri Speciality Chemical Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit declined 36.5% to Rs 14.51 crores ($2 million) for the period ended June 30, 2021 as against net profit of Rs 22.84 crores ($3.1 million) for … Read more

India’s IOL Chemicals & Pharmaceuticals Reports Decline in Net Profit; Sets up New API Unit

IOL Chemicals and Pharmaceuticals Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit dropped 11% to Rs 67 crores ($9 million) for the period ended June 30, 2021 as against net profit of Rs 75.25 crores ($10.1 million) for … Read more

Clariant Chemicals India Reports 279% Rise in YoY Q1FY21 Net Profit

Clariant Chemicals (India) Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 30.5% to Rs 14.31 crores ($1.9 million) for the period ended June 30, 2021 as against net profit of Rs 10.97 crores ($1.5 million) for … Read more

India’s National Oxygen Reports 277% Rise in YoY Q1FY21 Net Profit

National Oxygen Ltd., an industrial gases manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 303.5% to Rs 4.03 crores ($0.54 million) for the period ended June 30, 2021 as against net profit of Rs 0.99 crores ($0.13 million) for the … Read more

India’s Vishnu Chemicals Reports 6.5% Rise in QoQ Q1FY21 Net Profit

Vishnu Chemicals Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 6.5% to Rs 11.58 crores ($1.6 million) for the period ended June 30, 2021 as against net profit of Rs 10.87 crores ($1.5 million) for the previous … Read more