MRPL (Mangalore Refinery & Petrochemicals Ltd), an Indian petrochemicals manufacturer has reported its financial results for the period ended March 31, 2021. Q4 Results For the quarter, the company has posted a net profit of Rs 271.86 crores ($37.3 million) against a net loss of Rs 1889.1 crores ($258.9 million) during the prior-year quarter. Net … Read more
Mangalore Chemicals & Fertilizers Ltd., an Indian chemicals and fertilizers manufacturer has reported its financial results for the period ended March 31, 2021. Q4 Results For the quarter, the company has posted a net profit of Rs 14.72 crores ($2 million), a 38.3% drop as against Rs 23.87 crores ($3.3 million) during the prior-year quarter. … Read more
Pidilite Industries Ltd., an Indian adhesives and other specialty chemicals manufacturer has reported its financial results for the period ended March 31, 2021. Q4 Results For the quarter, the company has posted a net profit of Rs 306.19 crores ($41.8 million), a 94.4% increase as against Rs 157.53 crores ($21.5 million) during the prior-year quarter. … Read more
Vinati Organics Ltd., an Indian specialty chemicals and organic intermediates manufacturer has reported its financial results for the period ended March 31, 2021. Q4 Results For the quarter, the company has posted a net profit of Rs 70.84 crores ($9.7 million), a 5.1% decline as against Rs 74.62 crores ($10.2 million) during the prior-year quarter. … Read more
Asian Paints Ltd. has announced growth in net profit for its fourth quarter and full-year ended 31 March 2020-21. The company’s net profit grew 84.5% to Rs 852.13 crore ($115.8 million) in fourth quarter 2020-21 compared to prior year quarter’s Rs 461.89 crore ($62.7 million). Revenue from operations grew 43.4% to Rs 6726.84 crore ($913.8 … Read more
Linde India Ltd., an Indian subsidiary of industrial gas manufacturer Linde Plc announced its results for the second quarter ended March 31, 2021. CY 2021 Q1 Results- QoQ The company’s net profit grew 434% to Rs 303.23 crores ($41.3 million) for the period ended March 31, 2021 as against net profit of Rs 56.8 crores … Read more
Paushak Ltd. has announced growth in net profit for its fourth quarter and full-year ended 31 March. The company’s net profit grew 73% to Rs 11.01 crore ($1.5 million) in fourth quarter 2020-21 compared to prior year quarter’s Rs 6.37 crore ($0.87 million). Revenue from operations grew 30% to Rs 39.90 crore ($5.4 million) in … Read more
Navin Fluorine International Ltd., a fluorochemicals manufacturer based in India has reported its financial results for the period ended March 31, 2020. Q4 Results The company’s net profit dropped by 73% to Rs 73.22 crores ($10 million) for the period ended March 31, 2021 as against Rs 270.08 crores ($36.8 million) for the period ended … Read more
SRF Limited, an Indian industrial and specialty intermediates manufacturer announced its consolidated financial results for the fourth quarter and full year ended March 31, 2021. Q4 Financials The consolidated revenue of the Company increased 40.6% to Rs 2620.61 crore ($356 million) in Q4FY21 as against Rs 1864.15 crore ($253.2 million) in the prior year quarter. … Read more
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
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
Anupam Rasayan Ltd, an Indian speciality chemicals company, said on Wednesday it has received a letter of intent worth Rs 1,100 crore ($148.6 million) from one of the top 10 multinational life sciences company. The company will provide multiple products in life sciences related specialty chemicals for the next five years. “Securing order from a … Read more
Nouryon and Atul successfully started production at Anaven, a new joint venture in Gujarat, India, that will help meet the rapidly growing demand in India’s agricultural, personal care and pharmaceutical markets. Anaven is India’s largest MCA production site, with a current capacity of 32,000 tonnes of MCA per year. There is a possibility of rapid … Read more
India has increased its Liquid Medical Oxygen (LMO) production by nearly 60% to to 8,922 MT per day and is expected to cross 9,250 MT per day by the end of the month. Prime Minister Narendra Modi was informed about the increasing production of the life-saving gas, whose shortage has been reported in several places … Read more
Maire Tecnimont S.p.A. announced that its subsidiaries Tecnimont S.p.A. and Mumbai-based Tecnimont Private Limited have been awarded an EPCC (Engineering, Procurement, Construction and Commissioning) Lump Sum contract by Indian Oil Corporation Limited (IOCL), for the implementation of a new Para-Xylene (PX) plant and the relevant offsites facilities. The plant will be located in Paradip, in … Read more
Phillips Carbon Black Ltd., a carbon black manufacturer in India, announced its results for the final quar-ter and financial year ended 31 March 2021. Q4 YoY Results:The company’s net profit increased 75.6% to Rs 127.73 crore ($17 million) in the quarter ended March 2021 as against Rs 72.76 crore ($9.7 million) during the prior year … Read more
Unilever has partnered with LanzaTech and India Glycols to produce a surfactant made from industrial carbon emissions instead of from fossil-fuels. The innovative shift in production utilises biotechnologies and a newly configured supply chain between the three partners, who are working together for the first time. Typically derived from fossil fuels, surfactants are a critical … Read more
Australian lithium miners Galaxy Resources and Orocobre have announced to merge in a A$4 billion ($3.1 billion) deal that would create the world’s fifth largest producer of lithium chemicals, the refined form of the raw material used to make electric vehicle (EV) batteries. “The logic of this merger is compelling,” Orocobre chairman, Robert Hubbard, who … Read more
South Korean steelmaker POSCO will build lithium hydroxide extraction facility in Gwangyang, 300 km south of Seoul. The company also plans to invest in Argentina to further its electric vehicle battery ambitions. POSCO said on Apr. 14 that it will start the construction of the plant within the first half of 2021 to produce lithium … Read more