Asian Paints Ltd., a paints and coatings manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit declined 33.3% to Rs 568.5 crores ($76.5 million) for the period ended June 30, 2021 as against net profit of Rs 852.13 crores ($114.6 million) for … Read more
DCM Shriram Ltd., a chlor-alkali and chloro-vinyl manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit declined 32% to Rs 157.5 crores ($21.1 million) for the period ended June 30, 2021 as against net profit of Rs 231.24 crores ($31 million) for … Read more
Thirumalai Chemicals Ltd., a petrochemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit declined 23.1% to Rs 65.11 crores ($8.7 million) for the period ended June 30, 2021 as against net profit of Rs 84.67 crores ($11.4 million) for the previous … Read more
Supreme Petrochem Ltd., a polystyrene manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit declined 37% to Rs 146.25 crores ($19.6 million) for the period ended June 30, 2021 as against net profit of Rs 231.7 crores ($31 million) for the previous … Read more
Rossari Biotech Limited, a Indian speciality chemicals manufacturer, announced that its Board of Directors has approved the acquisition of Tristar Intermediates Pvt. Ltd. As per the agreement and subject to customary closing conditions, Rossari will be acquiring 100% of the equity share capital of Tristar Intermediates. 76% of the equity share capital will be acquired … Read more
Lords Chloro Alkali Ltd., a chlor-alkali manufacturer based in India announced its results for the quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 297% to Rs 2.03 crores ($0.27 million) for the period ended June 30, 2021 as against net profit of Rs 0.51 crores ($0.07 million) for the previous … Read more
Lotte Chemical Co., a South Korean petrochemical major, said it will invest 4.4 trillion won ($3.8 billion) in the hydrogen business by 2030 to cut its carbon emissions and foster the new growth driver. Under its hydrogen growth roadmap, Green Promise 2030, Lotte Chemical said through the investment it aims to generate annual sales of … Read more
Indian state-cowned refiner IOC’s (Indian Oil Corp.,) board of directors has given stage one approval to build the country’s first styrene monomer (SM) plant at its Panipat refinery and petrochemical complex. The new plant will have a total capacity of 387,000 metric tons per annum. The plant will be built at an estimated cost of … Read more
Platinum Equity signed a definitive agreement to acquire Solenis, a leading global producer of specialty chemicals used in water-intensive industries, from Clayton, Dubilier & Rice (CD&R) and BASF in a transaction that implies an enterprise value for Solenis of $5.25 billion. As part of the transaction, Solenis is expected to merge with Sigura Water, an … Read more
Himadri Speciality Chemical Limited, a specialty chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit declined 68% to Rs 22.84 ($3.1 million) for the period ended March 31, 2021 as against a net loss of Rs 70.81 crores ($9.5 million) … Read more
India Glycols Limited (IGL) and Clariant have created a new joint venture for renewable ethylene oxide (EO) derivatives, the Indian green technology-based chemicals manufacturer said on Thursday. Originally announced in March 2021, the joint venture combines IGL’s renewable bio-ethylene oxide derivatives business, which includes a multipurpose production facility including an alkoxylation plant located in Kashipur, … Read more
DCM Shriram Limited, an Indian Chloralkali and PVC manufacturer announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit declined 25% to Rs 19.51 ($2.6 million) for the period ended March 31, 2021 as against a net loss of Rs 25.98 crores ($3.5 million) for the … Read more
Bodal Chemicals Ltd, a specialty chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit grew 3% to Rs 23.57 ($3.2 million) for the period ended March 31, 2021 as against a net loss of Rs 22.91 crores ($3.1 million) for … Read more
Shivalik Rasayan Ltd, a fine chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit grew 71.1% to Rs 6.57 ($0.89 million) for the period ended March 31, 2021 as against a net loss of Rs 3.84 crores ($0.52 million) for … Read more
Mukesh Ambani, Chairman & Managing Director at Reliance Industries, on Thursday said RIL’s proposed deal with Saudi Aramco will likely be finalised this financial year. Ambani, who was speaking at the company’s 44th Annual General Meeting (AGM), said Yasir Al-Rumayyan would join the company board as an independent director. Al-Rumayyan is the chairman and governor … Read more
Kumho Petrochemical, a leading synthetic rubber producer in South Korea, approved an investment of 256 billion won ($225 million) to maintain its leadership in the global market for synthetic latex, which is primarily used in health care. The company stated that aggressive investments are required to meet the rapidly increasing demand for nitrile butadiene latex. … Read more
Oriental Carbon and Chemicals Ltd, a chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit grew 66.5% to Rs 27.75 ($3.7 million) for the period ended March 31, 2021 as against a net loss of Rs 16.67 crores ($2.3 million) … Read more
Yasho Industries Ltd, a leading Indian global manufacturer & supplier of specialty and fine chemicals, announced that the Board of Directors of the company has approved the capex upto Rs. 10 crores ($1.3 million) for enhancement of capacity from 9,200 MTPA to 11,000 MTPA through de-bottlenecking and additional ancillary equipments. The said expansion is expected … Read more
Indo Borax and Chemicals Ltd, a chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit grew 142% to Rs 12.6 ($1.7 million) for the period ended March 31, 2021 as against a net loss of Rs 5.21 crores ($0.71 million) … Read more
Anupam Rasayan India Ltd, a specialty chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit grew 113.3% to Rs 22.14 ($3 million) for the period ended March 31, 2021 as against a net loss of Rs 10.38 crores ($1.4 million) … Read more