Navin Fluorine International Limited., a chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company’s net profit declined 0.9% to Rs 744.5 million for the period ended June 30, 2022 as against net profit of Rs 751.5 million for the previous quarter. Net sales … Read more
SRF Limited., a chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company reported 0.4% growth in net profit of Rs 6.08 billion for the period ended June 30, 2022 as against net profit of Rs 6.05 billion for the previous quarter. Net sales … Read more
Numaligarh Refinery Ltd (NRL) in Golaghat, Assam, India, has selected Lummus Technology’s Novolen for a new 360 KTA polypropylene (PP) unit. Lummus, a global provider of process technologies and value-driven energy solutions, will provide the technology licence, basic design engineering, training, technical services and catalyst supply. “We are honoured to continue supporting NRL’s business and … Read more
Meghmani Finechem Limited (MFL) announced its successful commissioning of Chlorinated Polyvinyl Chloride Resin (CPVC Resin) Plant at Dahej in Gujarat. The newly-commissioned facility with a production capacity of 30,000 tonnes per annum (TPA) is the largest of its kind in India. Despite a challenging external environment, the plant has been commissioned on time and without … Read more
Goa Carbon Ltd., a petrochemicals manufacturer based in India announced its results for the first quarter ended June 30, 2022. Q1 Results- QoQ The company reported 4.7% decline in net profit to Rs 144.8 million for the period ended June 30, 2022 as against net profit of Rs 151.9 million for the previous quarter. Net … Read more
BASF India Ltd., completed the installation and start-up of a state-of-the-art acrylic dispersions production line in Dahej, India, serving the coatings, construction, adhesives, and paper industries for the South Asian markets. BASF began production of polymer dispersions in Dahej, India in October 2014, and this additional production line will almost double its capacity. BASF is … Read more
Birla Carbon, one of the leading manufacturers and suppliers of high-quality carbon black solutions, has announced the formal adoption of a Green Finance Framework. The framework outlines the criteria and provides guidelines for Birla Carbon to finance eligible Green Projects through Green Loans or Bonds. This move comes in continuation of the business’ decarbonization drive … Read more
Gujarat Alkalies and Chemicals (GACL) entered into an agreement with NTPC RE to mutually explore the opportunities for setting up India’s first commercial-scale green ammonia and green methanol project. NTPC REL (NTPC Renewable Energy) is a subsidiary of state-run power Genco NTPC, while GACL, a Gujarat government PSU, is engaged in the production of industrial … Read more
India Hydrogen Alliance (IH2A) has proposed a 25/25 National Green Hydrogen Hub Development Plan for creation of twenty-five National Green Hydrogen Projects and Five National H2 Hubs by 2025. The plan seeks to develop first-generation green hydrogen projects, with public finance support of $360 million over next three years; create a National Hydrogen Development Corporation … Read more
Azelis announces that it has reached an agreement to acquire a majority stake in Ashapura Aromas Private Limited (Ashapura), a leading distributor of ingredients in the flavors & fragrances (F&F) market in India. This acquisition provides Azelis with a strong F&F platform in Asia Pacific, creating a global F&F network, following its 2021 acquisitions of … Read more
Thyssenkrupp nucera AG & Co. KGa will provide a license and supply its own equipment for plans to expand the caustic soda plant for Kutch Chemical Industries in Padan, Gujarat, India. The current plant has been operating since 2020 and consists of five electrolyzers with its own technology thyssenkrupp nucera BM Single Element. Due to … Read more
Gujarat Alkalies and Chemicals has received approval from board of directors for setting up of an 30,000 TPA Chlorotoluenes Project at Dahej at an estimated cost of Rs 3.5 billion. This Project, when implemented, within 24 months from the commencement of engineering, would help the Company in consistently fulfilling the needs of its customers for … Read more
TotalEnergies has entered into an agreement with Adani Enterprises Limited (AEL) to acquire a 25% interest in Adani New Industries Limited (ANIL). ANIL will be the exclusive platform of AEL and TotalEnergies for the production and commercialization of green hydrogen in India. ANIL will target a production of one million metric tons of green hydrogen … Read more
ICL, a leading global specialty minerals company, announced it has signed a long-term agreement with India Potash Limited (IPL) to supply Polysulphate through 2026, with a renewal option. The five-year term is for an aggregate amount of 1 million metric tons, with quantities increasing for each year of the agreement. Each shipment will be a … Read more
Air Products announced the signing of a long-term supply agreement with Indian Oil Corporation Limited (IOCL), India’s flagship national oil company. Air Products will build, own and operate (BOO) a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL’s Barauni Refinery in Bihar, India. The new industrial gas complex will aid IOCL’s capacity … Read more
Grasim Industries Ltd (GIL) plans to commission its plants with 1.3 billion litres a year aggregate capacity by March 2024. The $1.3 billion investment of Grasim in the paint manufacturing business is likely to disrupt India’s paint industry. According to officials, the company wants to speed up the construction of paint plants in Panipat (Haryana), … Read more
The Government of India has decided to cancel all the activities in connection with the disinvestment of its stake in BPCL, including the data room are being discontinued, the company said in a stock exchange filing on Tuesday. The decision came after the government recently called off the present Expression of Interest (EOI) process for … Read more
Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has reached an agreement to acquire Chemo India and Unipharm Laboratories’ distribution assets. Both companies are renowned local distributors of specialty chemicals and ingredients for the CASE (coatings, adhesives, sealants, elastomers), L&MWF (lubricants & metalworking fluids) and … Read more
Indo Amines Ltd., a chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit declined by 21.4% to Rs 96.84 million for the period ended March 31, 2022 as against Rs 123.14 million for the period ended March 31, 2021. Net sales increased … Read more
Transpek Industry Ltd., a chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit grew by 3.2% to Rs 113.05 million for the period ended March 31, 2022 as against Rs 109.54 million for the period ended March 31, 2021. Net sales increased … Read more