Meghmani Organics Ltd., a agrochemicals and pigments manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 4.8% to Rs 65.26 crores ($8.7 million) for the period ended September 30, 2021 as against net profit of Rs 68.57 crores ($9.1 million) for … Read more
Meghmani Finechem Ltd., a Chlor-Alkali manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 27.2% to Rs 47.01 crores ($6.3 million) for the period ended September 30, 2021 as against net profit of Rs 36.95 crores ($4.9 million) for the previous … Read more
Lotte Chemical Corp. announced that its board approved capital expenditure for its planned integrated petrochemical facility (IPF) in Cilegon, Indonesia. Lotte Chemical said in a disclosure that its board approved a recapitalization scheme of 1.4 trillion won ($1.2 billion) through purchase of rights offering from Indonesia, PT Lotte Chemical Indonesia, to fund a massive petrochemical … Read more
Mangalam Organics Ltd., a chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 49% to Rs 22.31 crores ($3 million) for the period ended September 30, 2021 as against net profit of Rs 14.98 crores ($2 million) for the previous … Read more
SRF Ltd., a chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 3.3% to Rs 382.45 crores ($50.9 million) for the period ended September 30, 2021 as against net profit of Rs 395.28 crores ($52.6 million) for the previous quarter. … Read more
GAIL (India) will build India’s largest green hydrogen plant in the next 12-14 months, as it looks to supplement its natural gas business with carbon-free fuel. Speaking at the India Energy Forum by CERAWeek, GAIL CMD Manoj Jain said the company is looking at building a 10-megawatt (MW) electrolyzer capable of generating 4.5 tonnes of … Read more
GAIL (India) Limited has selected Lummus Technology’s CATOFIN process and Clariant’s tailor-made catalysts for India’s first PDH (propane dehydrogenation) plant. This will be Lummus Technology, and its catalysts partner, Clariant Catalyts’ another major contract award in India that will expand their global share of the PDH market. This upcoming 500,000 metric tons per year PDH … Read more
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 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
Rama Phosphates Ltd has received approval from Rajasthan State Pollution Control Board to operate manufacturing of the products with increased capacities at Udaipur unit in Rajasthan. The existing capacity of 181,000 MTPA single super phosphates has been increased to 250,000 MTPA with additional capacity of 69,000 MTPA. The capacity of granulated single super phosphate has … Read more
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
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
KBR announced it has been awarded a dual-pressure nitric acid technology contract by Hanwha Corp. for its new plant at Yeosu, South Korea. Under the terms of the contract, KBR will provide license, basic engineering design, and technical support to Hanwha for a 1,200 metric tons per day dual pressure nitric acid plant. Nitric acid … Read more
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
BASF Petronas Chemicals Sdn Bhd (BPC), a joint venture between BASF and PETRONAS Chemicals Group Berhad (PCG), intends to expand the annual production capacity of 2-Ethylhexanoic Acid (2-EHA) from 30,000 to 60,000 metric tons by 2024. “We are committed to supporting our customers’ growing demand in various 2-EHA downstream ap-plications, such as synthetic lubricants for … Read more
Bhansali Engineering Polymers Ltd., a polymer and other allied products manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQThe company’s net profit grew 59.8% to Rs 123.6 crores ($16.4 million) for the period ended Septem-ber 30, 2021 as against net profit of Rs 77.38 crores ($10.3 … Read more
PI Industries on Monday executed two joint venture agreements with Polymath Holding for undertaking the business of manufacturing and selling the products for bio chemistry processes and bio chemical enabled pharmaceutical intermediates. The first joint venture agreement – JVC-1 is executed to undertake the business of manufacturing and selling the products for bio chemistry. In … Read more
Arkema has announced the construction of a polyamide 11 powders plant on its Changshu platform in China, scheduled to come on stream in the first quarter of 2023. This investment will further support the growing demand for advanced bio-circular materials in Asia. This plant will be built in parallel with its major project to increase … Read more
Balaji Amines Ltd has announced a small incident at its unit III demethylformamide (DMF) plant due to which leakages/breakdown has taken place. While rectifying this, the company is adding some debottlenecking activities to increase capacity, which may take two to three weeks. During this period, the DMF plant will not be operational. The unit III … Read more
Chemplast Sanmar Limited CSL), on consolidated basis, expects to register a significant increase in its Revenue for H1FY22, as compared to the same period in the previous financial year. In terms of overall volume, both CSL and its wholly owned subsidiary, Chemplast Cuddalore Vinyls Limited (CCVL), together saw production increase of around 30 – 35% … Read more