Epigral, a leading integrated chemical manufacturer in India, formerly known as Meghmani Finechem, has announced a significant expansion into the production of Chlorinated polyvinyl chloride (CPVC) Compounds. Their new manufacturing plant in Dahej, Gujarat, is set to have a capacity of 35,000 Tons Per Annum (TPA) and is anticipated to be operational by the fourth … Read more
Nippon Paint Holdings (NPHD) has officially received approval from its Board of Directors during the August 29, 2023 meeting for the acquisition of shares in two Indian-based paint manufacturers: Nippon Paint (India) Private Limited (NPI) and Berger Nippon Paint Automotive Coatings Private Limited (BNPA), collectively referred to as NPI and BNPA. The acquisition process involved … Read more
Linde India has received a Letter of Acceptance from Indian Oil Corporation (IOCL) to establish an Air Separation Unit (ASU) within the Panipat Refinery Complex. The company intends to finance the capital expenditure using its own funds and internal accruals. “The company has been awarded a ‘Letter of Acceptance’ dated 22 August 2023 by Indian … Read more
AM Green Ammonia (India) Private Limited, a subsidiary of the Greenko Group, is set to acquire the urea and micro-irrigation divisions of Nagarjuna Fertilizers and Chemicals Ltd (NFCL) through a slump sale transaction, as confirmed in their stock exchange filing. The deal is valued at Rs 1,700 crore (Rs 17 billion). “The slump sale of … Read more
Adani Group, a prominent conglomerate in India, remains steadfast in its commitment to establishing a renewable hydrogen plant with an annual capacity of three million metric tons in Gujarat. “Adani Group still has plans to build a three million mt/year renewable hydrogen plant in Gujarat despite TotalEnergies putting its partnership on hold,” revealed CFO Robbie … Read more
On Thursday, Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) announced its plans to enhance Nitric Acid production capacity at its Dahej facility in Gujarat. The expansion project is projected to cost Rs 19.50 billion. The company’s Board of Directors has given the green light to establish a Weak Nitric Acid (WNA) plant, with a targeted … Read more
Bharat Heavy Electricals (BHEL) has signed a memorandum of understanding (MoU) with Greenstat Hydrogen India to explore future collaboration opportunities in green hydrogen and derivatives in the hydrogen value chain. BHEL in a statement said that the MoU is for “Potential Collaboration Opportunities in Green Hydrogen and Derivatives in the Hydrogen Value Chain. This MoU … Read more
In a significant boost to Gujarat’s chemical industry, four prominent industrial players have recently signed Memorandums of Understanding (MoUs) with the state government, marking a total investment of INR 14.01 billion. These investments are a part of the preparations for the upcoming Vibrant Gujarat Global Summit, set to take place in January 2024. The signed … Read more
McDermott has been awarded a project management consultancy (PMC) and engineering, procurement, and construction management (EPCM) contract for the Naphtha Cracker Expansion (Phase II) polypropylene expansion and new ethylene derivative unit project from Indian Oil Corporation Limited (IOCL). The project is located at the Panipat Refinery and Petrochemical Complex, located 62 miles (100 kilometers) from … Read more
SRF Limited, a chemical-based multi-business entity specializing in the production of industrial and specialty intermediates, has released its consolidated financial results for the first quarter ended June 30, 2023. The unaudited results were approved by the Board of Directors during a meeting held on the same day. Q1 Results: In the first quarter of the … Read more
HPCL Rajasthan Refinery Limited (HRRL) received a substantial financial boost for its upcoming project in Barmer, Rajasthan, as the Rural Electrification Corporation Limited (REC) granted a loan of Rs 47.85 billion. In a press release, the company stated, “HPCL Rajasthan Refinery Limited (HRRL) executed a loan agreement on 4 July 2023 under a consortium arrangement … Read more
India’s two leading state-owned oil and gas companies, Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC), have entered into a memorandum of understanding (MoU) to jointly explore downstream opportunities in the petrochemical sector. The collaboration aims to leverage the strengths of both companies, including their subsidiaries, through greenfield projects, acquisitions, and global … Read more
The Lubrizol Corporation, a global leader in specialty chemicals, is advancing its commitment to continued growth in India with several significant projects across its portfolio. The company is pledging more than 150 million USD of in-region investment, including breaking ground on India’s largest CPVC resin plant in Vilayat, Gujarat, doubling capacity at its site in … Read more
Anupam Rasayan, a prominent player in custom synthesis and specialty chemicals in India, has recently signed a Letter of Intent (LOI) with a leading Japanese specialty chemical company. The agreement entails a projected revenue of $265 million (Rs 21.86 billion) over the course of the next five years. The purpose of this partnership is to … Read more
Bain Capital Private Equity, a leading global private investment firm, announced the acquisition of Porus Labs, a leading manufacturer of agricultural and specialty chemicals. Bain Capital’s resources and industry experience will enable Porus Labs to unlock significant growth through investments in talent, business development, capacity expansion, process engineering, and developing or acquiring distinctive chemical capabilities. … Read more
Oil Natural Gas Commission (ONGC) will become Net-Zero by 2038 and invest Rs 1 trillion ($12.1 billion) by 2030 on energy transition projects to reduce carbon emissions, Arun Kumar Singh, Chairman & CEO, ONGC announced during an interaction with the journalists in Mumbai on 29 May 2023. By doing so, the Energy Maharatna will prepare … Read more
McDermott, a global leader in engineering and construction services, has been awarded a significant project management consultancy (PMC) contract by India Oil Corporation Limited (IOCL). The contract entails the development of the Maleic Anhydride (MAH) unit at the Panipat Refinery and Petrochemical Complex, situated approximately 62 miles (100 kilometers) from New Delhi, India. Scope of … Read more
GHCL Ltd, one of the largest soda ash and industrial salt manufacturers in India, is planning to invest Rs. 65 billion to establish a one-million-tonne soda ash plant in Kutch, Gujarat, over a period of six years. With this investment, the company aims to nearly double its production capacity, targeting a 30% market share in … Read more
TANFAC Industries Limited has obtained the necessary approval from the Tamil Nadu Pollution Control Board to proceed with the proposed expansion of their Hydrofluoric Acid Plant in Cuddalore. The expansion will increase the plant’s capacity by 14,850 MT, with an estimated project cost of Rs 1 billion. This will help the Company to complete the … Read more
Bharat Petroleum Corporation (BPCL) has recently obtained approval from its board of directors for a significant undertaking known as the Ethylene Cracker Project. Ethylene Cracker Project at Bina Refinery This ambitious project encompasses the establishment of downstream petrochemical plants and the expansion of the Bina Refinery in Madhya Pradesh State. With a projected capital expenditure … Read more