With the execution of Share Purchase Agreement for sale of India Glycols Limited’s entire investment in equity shares of joint venture namely Kashipur Infrastructure and Freight Terminal Private Limited to Gateway Distriparks Limited. Upon fulfillment of conditions precedent under the SPA, on 23rd December, 2022, the Company has transferred 42.31% shareholding (i.e. 26,74,418 shares) of … Read more
India Glycols Limited., a Indian chemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit declined 13.8% to Rs 250.1 million for the period ended Sept 30, 2022 as against net profit of Rs 290.2 million for the previous quarter. Net sales fell 12.5% to … Read more
India Glycols Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 198% to Rs 211.48 crores ($28.4 million) for the period ended June 30, 2021 as against net profit of Rs 70.99 crores ($9.5 million) for the previous … 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
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
Clariant AG and India Glycols Limited (IGL), a leading company in the manufacturing of green technology-based chemicals, announced a strategic partnership to establish a 51-49% joint venture in renewable ethylene oxide (EO) derivatives. Under the terms of the proposed agreement, India Glycols will contribute its renewable Bio-EO Derivative business to the joint venture, which includes … Read more
India Glycols Ltd., a glycols manufacturer based in India, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit declined 33% to Rs 17.90 crores ($2.4 million) for the period ended March 31, 2020 as against Rs 26.72 crores ($3.6 million) during the prior-year quarter. Net … Read more