SRF 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 3.3% to Rs 382.45 crores ($50.9 million) for the period ended September 30, 2021 as against net profit of Rs 395.28 crores ($52.6 million) for the previous quarter. … Read more
GAIL (India) will build India’s largest green hydrogen plant in the next 12-14 months, as it looks to supplement its natural gas business with carbon-free fuel. Speaking at the India Energy Forum by CERAWeek, GAIL CMD Manoj Jain said the company is looking at building a 10-megawatt (MW) electrolyzer capable of generating 4.5 tonnes of … Read more
GAIL (India) Limited has selected Lummus Technology’s CATOFIN process and Clariant’s tailor-made catalysts for India’s first PDH (propane dehydrogenation) plant. This will be Lummus Technology, and its catalysts partner, Clariant Catalyts’ another major contract award in India that will expand their global share of the PDH market. This upcoming 500,000 metric tons per year PDH … Read more
Asian Paints Ltd., a paints and coatings manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 4.8% to Rs 595.96 crores ($79.7 million) for the period ended September 30, 2021 as against net profit of Rs 568.5 crores ($76 million) for … Read more
Rallis India Ltd., a agrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQThe company’s net profit dropped 31.4% to Rs 56.49 crores ($7.6 million) for the period ended Sep-tember 30, 2021 as against net profit of Rs 82.34 crores ($11 million) for the previous quarter. … Read more
Rama Phosphates Ltd has received approval from Rajasthan State Pollution Control Board to operate manufacturing of the products with increased capacities at Udaipur unit in Rajasthan. The existing capacity of 181,000 MTPA single super phosphates has been increased to 250,000 MTPA with additional capacity of 69,000 MTPA. The capacity of granulated single super phosphate has … Read more
Navin Fluorine International Ltd., a fluorochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 13.1% to Rs 63.22 crores ($8.4 million) for the period ended September 30, 2021 as against net profit of Rs 55.91 crores ($7.4 million) for the … Read more
DCM Shriram Ltd., a chlor-alkali and chloro-vinyl manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQThe company’s net profit grew 0.2% to Rs 157.87 crores ($21 million) for the period ended September 30, 2021 as against net profit of Rs 157.5 crores ($21 million) for the … Read more
Ishan Dyes and Chemicals Ltd., a dye and dyestuff manufacturer based in India announced its results for the first quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 3.1% to Rs 3.18 crores ($0.42 million) for the period ended September 30, 2021 as against net profit of Rs 3.09 crores ($0.41 … Read more
Bhansali Engineering Polymers Ltd., a polymer and other allied products manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQThe company’s net profit grew 59.8% to Rs 123.6 crores ($16.4 million) for the period ended Septem-ber 30, 2021 as against net profit of Rs 77.38 crores ($10.3 … Read more
PI Industries on Monday executed two joint venture agreements with Polymath Holding for undertaking the business of manufacturing and selling the products for bio chemistry processes and bio chemical enabled pharmaceutical intermediates. The first joint venture agreement – JVC-1 is executed to undertake the business of manufacturing and selling the products for bio chemistry. In … Read more
Balaji Amines Ltd has announced a small incident at its unit III demethylformamide (DMF) plant due to which leakages/breakdown has taken place. While rectifying this, the company is adding some debottlenecking activities to increase capacity, which may take two to three weeks. During this period, the DMF plant will not be operational. The unit III … Read more
Chemplast Sanmar Limited CSL), on consolidated basis, expects to register a significant increase in its Revenue for H1FY22, as compared to the same period in the previous financial year. In terms of overall volume, both CSL and its wholly owned subsidiary, Chemplast Cuddalore Vinyls Limited (CCVL), together saw production increase of around 30 – 35% … Read more
Laxmi Organic Industries has completed the acquisition of 100% equity share capital of Acetyls Holding in accordance with terms of the Share Purchase Agreement dated 09 December 2020 and Prospectus dated 18 March 2021. With this acquisition, Acetyls Holding and its subsidiary Company namely Yellowstone Chemicals have become subsidiaries of the Company w.e.f. 01 October … Read more
Linde India said that its board has approved the proposal for setting-up of a 250 tonnes per day (TPD) merchant air separation unit at Dahej, Gujarat, to secure growth in the gases business in Western markets and deliver cost savings. The board has approved a capital expenditure of Rs 138.6 crores ($18.7 million) towards the … Read more
Bharat Petroleum Corporation Ltd. (BPCL – Kochi Refinery) signed a memorandum of understanding (MoU) with Kerala industrial corporation as part of the establishment of a petrochemical park on 482 acres at Ambalamedu by 2024. The project aims to develop a cluster of micro, small and medium enterprises (MSMEs) that use the propylene derivative by-products of … Read more
Anupam Rasayan India Ltd, India’s leading custom synthesis & speciality chemical player, has signed Letter of Intent (LOI) worth Rs 145 crores ($19.6 million) with existing long-term European multinational supplier of new life science related active ingredients. The company will enter into a long-term contract for next three years to supply this life science related … Read more
Manali Petrochemical Ltd (MPL) and Econic Technologies have entered into a Memorandum of Understanding (MoU) for introducing a more environment friendly, CO2 containing polyols, into the $28 billion global polyols market. MPL has signed a MoU with Econic Technologies to scale their catalyst technology which would enable substitution of fossil based raw materials with captured … Read more
Transpek Industry Ltd has announced that the Board of Directors of the company had, at its meeting held on September 22, 2021, approved the appointment of Avtar Singh as a Whole-time Director of the Company designated as Joint Managing Director. The appointment is for a period of 5 years with effect from October 1, 2021. … Read more
L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro bagged two orders in the construction services segment – one each from GAIL India and Air Products Middle East Industrial Gases. According L&T’s classification, the value of the said contracts lies between Rs 1,000 crores ($135.9 million) to Rs 2,500 crores ($339.7 million). … Read more