Navin Fluorine International Ltd., a fluorochemicals manufacturer based in India has reported its financial results for the period ended March 31, 2020. Q4 Results The company’s net profit dropped by 73% to Rs 73.22 crores ($10 million) for the period ended March 31, 2021 as against Rs 270.08 crores ($36.8 million) for the period ended … Read more
SRF Limited, an Indian industrial and specialty intermediates manufacturer announced its consolidated financial results for the fourth quarter and full year ended March 31, 2021. Q4 Financials The consolidated revenue of the Company increased 40.6% to Rs 2620.61 crore ($356 million) in Q4FY21 as against Rs 1864.15 crore ($253.2 million) in the prior year quarter. … Read more
Deepak Nitrite Ltd., a chemical manufacturer in India, announced its results for the final quarter and financial year ended 31 March 2021. Q4 YoY Results: The company’s net profit increased 68.4% to Rs 290.11 crore ($39.2 million) in the quarter ended March 2021 as against Rs 172.3 crore ($23.3 million) during the prior year quarter. … Read more
Tata Chemicals Ltd. has announced fall in net profit for its fourth quarter and full-year ended 31 March. Q4 Results The company’s consolidated net profit slumped 85% to Rs 290 million ($3.93 million) in fourth quarter 2020-21 compared to prior year quarter’s Rs 1.98 billion ($26.8 million). Revenue from operations grew 11% to Rs 26.36 … Read more
Reliance Industries Limited announced fall in Oil to Chemicals segment (O2C Limited) earnings for full-year 2020-21 due to lower margins and weak demand. Fourth Quarter YoY: 4Q FY20 revenue from the Oil to Chemicals segment increased by 4% Y-o-Y to Rs 1010.8 billion ($ 13.6 billion) as against Rs 967.32 billion ($ 13.03 billion) in … Read more
Anupam Rasayan Ltd, an Indian speciality chemicals company, said on Wednesday it has received a letter of intent worth Rs 1,100 crore ($148.6 million) from one of the top 10 multinational life sciences company. The company will provide multiple products in life sciences related specialty chemicals for the next five years. “Securing order from a … Read more
Nouryon and Atul successfully started production at Anaven, a new joint venture in Gujarat, India, that will help meet the rapidly growing demand in India’s agricultural, personal care and pharmaceutical markets. Anaven is India’s largest MCA production site, with a current capacity of 32,000 tonnes of MCA per year. There is a possibility of rapid … Read more
India has increased its Liquid Medical Oxygen (LMO) production by nearly 60% to to 8,922 MT per day and is expected to cross 9,250 MT per day by the end of the month. Prime Minister Narendra Modi was informed about the increasing production of the life-saving gas, whose shortage has been reported in several places … Read more
Maire Tecnimont S.p.A. announced that its subsidiaries Tecnimont S.p.A. and Mumbai-based Tecnimont Private Limited have been awarded an EPCC (Engineering, Procurement, Construction and Commissioning) Lump Sum contract by Indian Oil Corporation Limited (IOCL), for the implementation of a new Para-Xylene (PX) plant and the relevant offsites facilities. The plant will be located in Paradip, in … Read more
Phillips Carbon Black Ltd., a carbon black manufacturer in India, announced its results for the final quar-ter and financial year ended 31 March 2021. Q4 YoY Results:The company’s net profit increased 75.6% to Rs 127.73 crore ($17 million) in the quarter ended March 2021 as against Rs 72.76 crore ($9.7 million) during the prior year … 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
India’s Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it has dispatched the first consignment of acrylic acid from its Propylene Derivative Petrochemical (PDP) complex at Kochi Refinery. Acrylic Acid is one of the six niche petrochemical products produced in the new PDP Complex at Kochi Refinery. Built at the cost of Rs 6,000 crore … Read more
Indian Oil Corporation (IOCL) has awarded engineering, procurement, construction and commissioning (EPCC) contract to Technip Energies to upgrade the Barauni Refinery in India. The Barauni refinery is situated on a 3.59 km² site in the Begusarai district of Bihar, approximately 140km away from Patna. IOCL is undertaking BR9 Expansion Project with an investment of $1.9 … Read more
Reliance Industries (RIL) and US-based Chart Industries are leading a new coalition focussed on commercialising hydrogen technologies and systems to build net-zero carbon pathways in India. The alliance will work together to build the hydrogen economy and supply-chain here and also help develop blue and green hydrogen production and storage apart from building hydrogen-use industrial … Read more
ICL, a leading global specialty minerals and specialty chemicals company, said it signed a contract with Indian Potash Limited (IPL), India’s largest importer of potash, to supply an aggregate 600,000 metric tons of potash – with mutual options for an additional 50,000 metric tons – to be supplied through December 2021. The company added that … Read more
Tamilnadu Petroproducts Ltd (TPL) plans to increase the capacity of its linear alkyl benzene (LAB) and caustic soda plants and set up a new propylene recovery unit (PRU) at its complex at Manali in southern Tamil Nadu state as part its expansion plans, it said. The expansion project is estimated to cost around Indian Rupees … Read more
India has levied anti-dumping duties on bottle grade Polyethylene Terephthalate (PET) resin imports originating in or exported from China for 5 years. Bottle grade PET imports from China increased from 88,000 metric tonne in FY18 to 147,600 MT in FY19, a 67% rise, while imports from other countries declined, as per govt data. The Directorate … Read more
The US International Trade Commission (USITC) is looking into claims that granular polytetrafluoroethylene (PTFE) imports from India and Russia are being sold in the US for less than fair value, that they are subsidized by the Indian and Russian governments, and that they are harming US producers. “The USITC determined that there is a reasonable … 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
Indian Oil Corporation Limited (IOCL) entered into a Memorandum of Understanding (MOU) with Odisha Industrial Infrastructure Development Corporation (IDCO) to develop Paradip Plastic Park. Under the MoU, to attract investments in downstream polymer industries at Paradip Plastic Park, IOCL announced a Special Strategic Incentives scheme. An incentive of Rs 2000/MT ($27.48/MT) on Polypropylene granules from … Read more