Abu Dhabi National Oil (ADNOC) and Borealis have signed the final investment agreement for their Borouge 4 complex at Ruwais, Abu Dhabi. The deal confirms their intent to spend $6.2 billion on the project, which will consist of a 1.5 million t/y ethane cracker, two PE plants producing 1.4 million t/y and a 100,000 t/y … Read more
India’s Reliance Industries (RIL) and Saudi Aramco have opted to shelve the $15 billion deal that would see the Saudi oil gaint take a 20% stake in RIL’s oil to chemicals (O2C) business. The pair signed a “non-binding Letter of Intent” in August 2019 for the sale, but RIL released a statement over the weekend … Read more
Grasim Industries 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 declined 18.5% to Rs 13.59 billion for the period ended September 30, 2021 as against net profit of Rs 16.67 billion for the previous quarter. Net sales increased … Read more
Mysore Petro Chemicals Ltd., a petrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 24.3% to Rs 73.77 million for the period ended September 30, 2021 as against net profit of Rs 59.35 million for the previous quarter. Net sales … Read more
Nagarjuna Fertilizers and Chemicals Ltd., a commodity chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company reported a net loss of Rs 1.42 billion for the period ended September 30, 2021 as against net loss of Rs 2.31 billion for the previous quarter. … Read more
Coromandel International, India’s second largest phosphatic fertilizer player and part of Murugappa Group, announced plans to set up 1,650 metric tonnes per day (tpd) sulphuric acid plant at its fertiliser complex in Visakhapatnam at an investment of Rs 4 billion. Announcing the plan, the company also signed technology partnership agreements with MECS (Monsanto Enviro-Chem Systems) … Read more
Deepak Fertilizers and Petrochemicals Corporation Ltd., a commodity 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 29.1% to Rs 908.2 million for the period ended September 30, 2021 as against net profit of Rs 1.28 million for the previous … Read more
Manali Petrochemicals 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 47% to Rs 1.17 billion for the period ended September 30, 2021 as against net profit of Rs 797.78 million for the previous quarter. Net sales increased … Read more
Gulshan Polyols 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 8.7% to Rs 284.79 million for the period ended September 30, 2021 as against net profit of Rs 261.9 million for the previous quarter. Net sales increased … Read more
Transpek Industry 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 30.2% to Rs 175.99 million for the period ended September 30, 2021 as against net profit of Rs 135.21 million for the previous quarter. Net sales increased … Read more
Mangalore Chemicals & Fertilizers Ltd., a chemicals and fertilizers manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 19.1% to Rs 289.76 million for the period ended September 30, 2021 as against net profit of Rs 243.27 million for the previous … Read more
I G Petrochemicals Limited announced that its board of directors at their meeting held on November 1, 2021 have approved the expansion of Phthalic Anhydride capacity. The company will build the new plant with a capacity of 53,000 MTPA at its existing plant location, Taloja (brownfield expansion) at an outlay of approx. Rs 3.45 billion. … Read more
Vishnu Chemicals 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 43.6% to Rs 166.3 million for the period ended September 30, 2021 as against net profit of Rs 115.8 million for the previous quarter. Net sales increased … Read more
DCW Ltd., a chlor-alkali 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 47.1% to Rs 196.72 million for the period ended September 30, 2021 as against net profit of Rs 133.72 million for the previous quarter. Net sales increased … Read more
Bodal Chemicals Ltd., a chemical manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 15.5% to Rs 252.29 million for the period ended September 30, 2021 as against net profit of Rs 298.56 million for the previous quarter. Net sales increased … Read more
UPL Ltd., a chemical manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 6.4% to Rs 6.34 billion for the period ended September 30, 2021 as against net profit of Rs 6.77 billion for the previous quarter. Net sales increased 24% … Read more
Atul Ltd., a chemical manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 11.6% to Rs 1.46 billion for the period ended September 30, 2021 as against net profit of Rs 1.66 billion for the previous quarter. Net sales increased 14.5% … Read more
GHCL Ltd., a soda ash manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 7.2% to Rs 1.09 billion for the period ended September 30, 2021 as against net profit of Rs 1.02 billion for the previous quarter. Net sales increased … Read more
Tata Chemicals 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 21.7% to Rs 268.02 crores ($35.8 million) for the period ended September 30, 2021 as against net profit of Rs 342.33 crores ($45.7 million) for the previous … 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