Kanoria Chemicals & Industries Limited (KCI) has performed Bhumi Puja for setting up a new Formaldehyde plant at the existing manufacturing facility at GIDC, Ankleshwar Gujarat on 23rd February 2023. The upcoming Formaldehyde plant will be with the latest Metal Oxide-based technology. This 300 TPD (tons per day) new capacity with superior technology will cater … Read more
The European Investment Bank (EIB), the bank of the European Union, has agreed to join the India Hydrogen Alliance (IH2A) with a commitment of €1 billion in funding. This agreement is subject to the approval of both the Indian government and the EIB. Support for Green Hydrogen Projects The European Investment Bank is the largest … Read more
Navin Fluorine International Limited, a major player in India’s specialty chemicals sector, has recently begun production at two international plants – one for the manufacture of a key agro-chemical intermediate and another Multi-Purpose Plant. The plants have been established by the company’s subsidiary, Navin Fluorine Advanced Sciences Limited (NFASL). The manufacture of this key agro-chemical … Read more
Gujarat Fluorochemicals Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The chemical company has reported a decrease in sales revenue by 3.11% in Q3 FY2023 as compared to Q2 FY2023. The sales revenue has decreased from Rs 14.8559 billion in Q2 … Read more
Deepak Nitrite Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The financials for Q3 of FY2023 show an increase in both Total Income and Net Profit when compared to Q2 of the same fiscal year. Revenue increased by 1.5% from 19.73 … Read more
Balaji Amines Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 32.4% to Rs 625.72 million for the period ended Dec 31, 2022 as against net profit of Rs 925.69 million for the previous quarter. Net … Read more
Deepak Fertilisers and Petrochemicals Corporation Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 8.3% to Rs 2.49 billion for the period ended Dec 31, 2022 as against net profit of Rs 2.71 billion for the … Read more
Berger Paints India Ltd, an Indian multinational paints and coatings manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 8.4% to Rs 2.01 billion for the period ended Dec 31, 2022 as against net profit of Rs 2.19 billion for … Read more
Ion Exchange (India) has received a Letter of Award from Indian Oil Corporation (IOCL). The award is for the work of Water Treatment Plant for IOCL’s Panipat refinery capacity expansion project (P-25). This includes Reverse Osmosis, Demineralization Plant, Condensate Polishing Unit, Zero Liquid Discharge Plant. The contract also includes Operation and Maintenance for two years … Read more
Tata Chemicals Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 37.7% to Rs 3.91 billion for the period ended Dec 31, 2022 as against net profit of Rs 6.28 billion for the previous quarter. Net … Read more
SRF Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit grew by 6.24% to Rs 5.11 billion for the period ended Dec 31, 2022 as against net profit of Rs 4.81 billion for the previous quarter. Net sales … Read more
Pidilite Industries Ltd, an Indian specialty chemicals manufacturer announced its results for the third quarter ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit declined by 8.5% to Rs 3.04 billion for the period ended Dec 31, 2022 as against net profit of Rs 3.32 billion for the previous quarter. Net sales decreased … Read more
Meghmani Organics Limited announced commissioning of Phase 1 of Titanium Dioxide (TiO2) plant at Dahej, Gujarat with an installed capacity of 16,500 metric tonnes per annum (MTPA). Meghmani had acquired Kilburn Chemicals Limited for Rs 1.32 billion in December 2021 by making 100% upfront payment. Post which the company incurred total capex to the tune … Read more
Meghmani Organics Ltd, an Indian specialty chemicals manufacturer announced its results for the third quarter ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit declined by 87.4% to Rs 83.54 million for the period ended Dec 31, 2022 as against net profit of Rs 661.49 million for the previous. Net sales decreased 14.6% … Read more
Atul Ltd, an Indian specialty chemicals manufacturer announced its results for the third quarter ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit declined by 30.4% to Rs 1.05 billion for the period ended Dec 31, 2022 as against net profit of Rs 1.51 billion for the previous quarter. Net sales decreased 15% … Read more
Reliance Industries Ltd announced its O2C Business segment results for the third quarter ended Dec 31, 2022. Q3 Results- QoQ The segment’s EBIDTA grew 16.36% to Rs 139.26 billion for the period ended Dec 31, 2022 as against EBIDTA of Rs 119.68 billion for the previous quarter due to weak margins. Net sales decreased 9.4% … Read more
NACL Industries Limited has established a wholly owned subsidiary, NACL Industries (Nigeria) Limited (NINL), which has been duly registered in Nigeria. The Nigerian subsidiary will primarily focus on agricultural input product sales and marketing in Nigeria and other African countries. The company has purchased the entire share capital of the NINL (along with one of … Read more
Larsen & Toubro, an Indian multi-national engaged in EPC Projects, Hi-Tech Manufacturing, and Services, announced the signing of a Memorandum of Understanding (MoU) with the Norway-based H2Carrier (H2C) to co-operate towards developing floating green ammonia projects for industrial-scale applications with an aim to decarbonise the global economy. H2C has proven expertise in developing and integrating … Read more
Aether Industries announced the commercialization of a specialty chemical manufacturing facility in Surat, Gujarat, on Monday. The total capital expenditure for the site is estimated to be around Rs 1.90 billion. Aether Industries has raised Rs 1.63 billion from the initial public offering, representing a portion of the total investment for the new facility (IPO). … Read more
TCL Specialties LLC (TCLS), a subsidiary of TCL (Thirumalai Chemicals Limited, India), will be breaking ground this month for two manufacturing facilities in Marshall County, West Virginia – one to make food ingredients (malic and fumaric acids) and the second to make maleic anhydride. TCL Chairman Sarathy said these facilities will be located just outside … Read more