S H Kelkar First Quarter FY20-21 Business Update

S H Kelkar and Company Ltd., a Fragrance and Flavours maker, shared the business update for Q1 FY21 with the exchanges on Monday. As per the directives of the Central Government in response to the outbreak of the Covid-19 pandemic, SHK’s manufacturing units were temporarily shut in the month of April 2020. Operations at all … Read more S H Kelkar First Quarter FY20-21 Business Update

Kiri Industries Registers 129% Rise in Net Profit Growth for FY19-20

Kiri Industries Ltd., a dye & dyestuff manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit increased 532% to Rs 111.91 crores ($14.9 million) for the period ended March 31, 2020 as against net loss of Rs 25.90 crores ($3.5 million) … Read more Kiri Industries Registers 129% Rise in Net Profit Growth for FY19-20

National Fertilizers Achieves Record Fertilzer Sales in Q1 FY20-21

National Fertilizers has achieved highest-ever fertilizer sale of 1,285,000 MT in first quarter (April-June) of this financial year. This is about 21.5% higher than the sales of 1,057,000 MT made by company in the first quarter of 2019-20. Other than significant growth in Urea sale, P&K fertilizers also recorded a growth of 13% during the … Read more National Fertilizers Achieves Record Fertilzer Sales in Q1 FY20-21

Air Products Plans $5 Billion Green Ammonia Plant in Saudi Arabia

Air Products on Tuesday announced an agreement for $5 billion green hydrogen-based ammonia production facility that will be powered by renewable energy. The project will be equally owned by Air Products, ACWA Power of Saudi Arabia and NEOM. NEOM is a new model for sustainable living located in the North West corner of the Kingdom … Read more Air Products Plans $5 Billion Green Ammonia Plant in Saudi Arabia

CPC Corp, Taiwan Restarts its No. 4 Cracker After Recent Shutdown

CPC Corporation, a Taiwanese petrochemical major restarted its No. 4 naphtha-fed steam cracker on July 6th after being shut last week. The company unexpectedly shut its No. 4 cracker due to technical glitches on 2 July, 2020. Based in Linyuan, Taiwan, the cracker is able to produce 380,000 tons per year of ethylene and 193,000 … Read more CPC Corp, Taiwan Restarts its No. 4 Cracker After Recent Shutdown

India Gelatine Reports Net Loss for Q4 FY19-20

India Gelatine & Chemicals Ltd., a gelatin manufacturer based in India, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company has posted a net loss of Rs 1.45 crores (-$0.19 million) for the period ended March 31, 2020 as against net profit of Rs 1.75 crores ($0.23 … Read more India Gelatine Reports Net Loss for Q4 FY19-20

I G Petrochemicals Reports Drop in Net Profit for FY19-20

I G Petrochemicals Ltd., a petrochemicals manufacturer based in India, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit declined 78.1% to Rs 3.95 crores ($0.53 million) for the period ended March 31, 2020 as against Rs 18.06 crores ($2.4 million) for the period ended … Read more I G Petrochemicals Reports Drop in Net Profit for FY19-20

Sasol, Enaex Conclude Explosives JV in South Africa

Sasol and Enaex S.A., a subsidiary of the Sigdo Koppers Group, have announced the start of operations of new explosives JV in Southern Africa. The new explosives joint venture Enaex Africa started operations on 1 July 2020. In line with the company’s growth strategy review of 2017, Sasol’s explosives business was identified as having substantial … Read more Sasol, Enaex Conclude Explosives JV in South Africa

PolyOne Completes Clariant Masterbatch Acquisition

PolyOne Corporation, a leading global provider of specialized polymer solutions, has completed its purchase of the color masterbatch businesses of Clariant and Clariant Chemicals India Ltd.  PolyOne also announced that it has changed its name and will now be called Avient. “We proudly welcome our newest associates and valued customers from Clariant Masterbatch.  They are … Read more PolyOne Completes Clariant Masterbatch Acquisition

Punjab Alkalies Reports Net Loss in Q4 FY19-20

Punjab Alkalies & Chemicals Ltd., a chlor-alkali manufacturer based in India, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company has posted net loss of Rs (1.74) crores (-$0.23 million) for the period ended March 31, 2020 as against net profit of Rs 19.83 crores ($2.7 million) … Read more Punjab Alkalies Reports Net Loss in Q4 FY19-20

GAIL Q4 FY19-20 Net Profit Jumps 171% to $400 Million

GAIL (India) Ltd., one of India’s state-owned natural gas and petrochemicals manufacturer, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit rose 171% to Rs 3,018 crores ($400 million) for the period ended March 31, 2020 as against Rs 1,112 crores ($147 million) for the … Read more GAIL Q4 FY19-20 Net Profit Jumps 171% to $400 Million

Shell Cuts its Valuation by $22B as COVID-19 Affects all Business Segments

Royal Dutch Shell is writing down the value of its oil and gas assets by up to $22 billion as it adjusts the oil’s historic crash in recent months. Shell updated its mid and long-term price and refining margin forecast in the second quarter of 2020 reflecting the anticipated impact of the COVID-19 pandemic and … Read more Shell Cuts its Valuation by $22B as COVID-19 Affects all Business Segments

INEOS to Acquire BP’s Global Aromatics and Acetyls Business

BP’s Aromatics and Acetyls business consists of 15 sites across the world (5 in the Americas, 2 in Europe and 8 in Asia) as well as 10 leading joint ventures. INEOS announced its intention to purchase the global Aromatics and Acetyls businesses of BP for a consideration of $5 billion. Aromatics provide the building blocks … Read more INEOS to Acquire BP’s Global Aromatics and Acetyls Business

Indo Rama Synthetics Reports a Net Loss of $41.9 Million for FY19-20

Indo Rama Synthetics (India) Limited, one of India’s major polyester manufacturer, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company reported a net loss of Rs 49.84 crores (-$6.6 million) for the quarter ended March 31, 2020 as compared to a net loss of Rs 169.33 crores … Read more Indo Rama Synthetics Reports a Net Loss of $41.9 Million for FY19-20

Reliance-Aramco JV in Progress, says Ambani

Reliance Industries Ltd said it is working to complete contours of a $15 billion deal with Saudi Aramco but did not give a timeline for its completion. In August last year, RIL ‘s Chairman & Managing Director, Mukesh Ambani, announced talks to sell 20% of the oil-to-chemical (O2C) business, which includes its twin oil refineries … Read more Reliance-Aramco JV in Progress, says Ambani

Transpek Industry Registers 11% Net Profit Growth for FY19-20

Transpek Industry Ltd., a chemical manufacturer based in India, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit declined 19.6% to Rs 24.21 crores ($3.2 million) for the quarter ended March 31, 2020 as against Rs 30.12 crores ($4 million) during the prior-year quarter. Net … Read more Transpek Industry Registers 11% Net Profit Growth for FY19-20

Alufluoride Reports 25.1% Growth in Net Profit for FY19-20

Alufluoride Ltd., a aluminum fluoride manufacturer based in India has reported its financial results for the period ended March 31, 2020. Q4 Results The company’s net profit rose 55.8% to Rs 2.29 crores ($0.3 million) for the period ended March 31, 2020 as against Rs 1.47 crores ($0.2 million) for the period ended March 31, … Read more Alufluoride Reports 25.1% Growth in Net Profit for FY19-20

Khaitan Chemicals Registers 1356% Net Profit Growth in Q4 FY19-20

Khaitan Chemicals & Fertilizers Ltd., a chemicals and fertilizers manufacturer based in India has reported its financial results for the period ended March 31, 2020. Q4 Results The company’s net profit rose 1356.1% to Rs 5.97 crores ($0.79 million) for the period ended March 31, 2020 as against Rs 0.41 crores ($0.054 million) for the … Read more Khaitan Chemicals Registers 1356% Net Profit Growth in Q4 FY19-20

India Glycols Reports Drop in Net Profit for Q4 FY19-20

India Glycols Ltd., a glycols manufacturer based in India, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit declined 33% to Rs 17.90 crores ($2.4 million) for the period ended March 31, 2020 as against Rs 26.72 crores ($3.6 million) during the prior-year quarter. Net … Read more India Glycols Reports Drop in Net Profit for Q4 FY19-20

Balaji Amines Net Profit Grows 9.6% in Q4 FY19-20

Balaji Amines Ltd., a leading manufacturer of Aliphatic Amines in India has reported its financial results for the period ended March 31, 2020. Q4 Results The company’s net profit rose 16.5% to Rs 30.81 crores ($4.1 million) for the period ended March 31, 2020 as against Rs 26.45 crores ($3.5 million) for the period ended … Read more Balaji Amines Net Profit Grows 9.6% in Q4 FY19-20