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
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
Basic Chemical Industries Co. (BCI) signed a non-binding letter of intent (LoI) with the companies owning Union Chlorine LLC for the acquisition of a 49% stake, according to a stock exchange filing. The financial details of the deal were not disclosed. Union Chlorine LLC is a chlor-alkali manufacturer based in Abu Dhabi, United Arab Emirates. … 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
Abu Dhabi National Oil Company (ADNOC) announced that Reliance Industries Limited (Reliance), has signed an agreement to join a new worldscale chlor-alkali, ethylene dichloride and polyvinyl chloride (PVC) production facility at TA’ZIZ in Ruwais, Abu Dhabi. The agreement capitalizes on growing demand for these critical industrial raw materials and leverages the strengths of ADNOC and … 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
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
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
Indorama Ventures Xylenes & PTA, LLC (IVXP), a subsidiary of global chemical producer Indorama Ventures Public Company Limited (IVL), announces new PNDA (Purified 2,6-Naphthalene Dicarboxylic Acid) production unit, making IVXP the world’s largest PNDA producer. The unit is located at IVXP’s integrated manufacturing site in Decatur, Alabama, U.S. The company used in-house technology to design … 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
Shree Pushkar Chemicals & Fertilisers Ltd., a chemicals and fertilizers manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit declined 7.2% to Rs 10.43 crores ($1.4 million) for the period ended March 31, 2021 as against Rs 11.24 crores ($1.5 million) … Read more
SIBUR and Kazakhstan sovereign wealth fund Samruk-Kazyna and state oil and gas company KazMunayGas have signed a framework agreement that could allow the company to take a role in petrochemicals projects in Kazakhstan. The potential cooperation will allow SIBUR to produce Polypropylene (PP) and Polyethylene (PE) in National Industrial Petrochemical Technopark in Atyrau, the Republic … Read more
The Adani Group will be developing a new coal-to-polyvinyl chloride (PVC) plant in Mundra, Gujarat, India according to an application by the company to India’s Ministry of Environment, Forests & Climate Change. The plant is expected to produce 2 million metric tons per year of PVC grades such as suspension PVC (resin), chlorinated PVC (C-PVC) … Read more
I G Petrochemicals Ltd., a petrochemicals manufacturer based in India, announced its results for the quarter and financial year ended March 31, 2021. Q4 Results The company’s net profit increased 2428% to Rs 99.85 crores ($13.7 million) for the period ended March 31, 2021 as against Rs 3.95 crores ($0.54 million) for the period ended … Read more
Gulshan Polyols Ltd., an Indian Calcium Carbonate and Sorbitol manufacturer has reported financial results for the period ended March 31, 2021. Q4 Results The company’s net profit grew 675% to Rs 21.54 crores ($3 million) for the period ended March 31, 2021 as against Rs 2.78 crores ($0.38 million) for the period ended March 31, … Read more
DCW Ltd., an Indian chlor-alkali and PVC manufacturer has reported financial results for the period ended March 31, 2021. Q4 Results The company’s net profit grew to Rs 6.46 crores ($0.89 million) for the period ended March 31, 2021 as against a net loss of Rs 25.05 crores ($3.4 million) for the period ended March … Read more
Meghmani Finechem Ltd., an Indian chlor-alkali manufacturer has reported financial results for the period ended March 31, 2021. Q4 Results The company’s net profit grew by 142% to Rs 32.76 crores ($4.5 million) for the period ended March 31, 2021 as against Rs 13.53 crores ($1.9 million) for the period ended March 31, 2020. Net … Read more
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