Latest Headlines

MCFL Q4 profit drops 22%

By Indianchemicalnews

Mangalore Chemicals and Fertilisers Ltd (MCFL) posted about 22 per cent drop in standalone net profit at Rs 16.84 crore for the quarter ended March, 2013, as sales dropped due to poor demand in drought-hit states and rise in prices of non-urea fertilisers.

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Petrochemical News

value additions in the petrochemicals chain offer immense possibilities, says Jena

“Plastics have inspired and continue to drive innovations that help to solve society’s greatest challenges – from lifesaving technologies to more sustainable living,” Jena said while giving away the 3rd National Awards for Technology Innovation in Petrochemical and Downstream, Plastic Processing Industry in New Delhi. ...

Reliance selects Foster Wheeler for its paraxylene project

Reliance Industries Limited (RIL) recently selected Foster Wheeler as an engineering and procurement services contractor for its Paraxylene project....

SABIC endorses India’s petrochemical industry growth potential

SABIC expressed its confidence in India’s petrochemical industry growth opportunities, and its commitment to continue strengthening its market presence, at India Chem 2012....

RIL Q1 net up 5.6%

Reliance Industries Ltd has posted an increase of 5.6 per cent in its net profit at Rs 4,473 crore for the first quarter ended 30th June, 2012 as compared to Q4 FY12 and decreased by 21 per cent as compared to Q1 FY12. Turnover increased by 8.1 per cent to Rs 94,926 crore as compared to Q4 FY12 and 13.4 per cent as compared to Q1 FY12....

Reliance selects Technip for its new refinery gas cracker project

Reliance Industries Limited (RIL) has selected Technip as a technology supplier and engineering contractor to implement its Refinery Off-Gas Cracker (ROGC) project.This is part of the expansion project being executed at RIL’s world-scale Jamnagar refining and petrochemical complex in Gujarat. ...

Use of biodegradable plastics will not solve environmental issue: DCPC

The Department of Chemicals and Petrochemicals has said that use of biodegradable plastics alone will not ensure a check on the bad impact of plastics on environment and an appropriate system of plastics waste management is required for the plastics industry....

Chemical News

CCEA approves the proposal regarding revival of five closed units of FCIL

The Cabinet Committee on Economic Affairs cleared the recommendations of Empowered Committee of Secretaries (ECoS) for revival of five units of Fertilizer Corporation of India Ltd. (FCIL) at Sindri, Talcher, Ramagundam, Gorakhpur & Korba, said Srikant Kumar Jena,Union Minister of State (Independent Charge) for Chemicals & Fertilizers....

IFFCO posts the highest ever profit before tax of Rs.1107 crores

IFFCO, world’s largest processed fertilizer cooperative, has achieved robust growth with its highest ever profit before tax at Rs1107 crores with the lowest ever specific energy consumption of 5.764 Gcal/MT of urea during the financial year 2012-13. With this remarkable performance, IFFCO has led the way in the fertiliser sector to stretch itself to provide price advantage to the farmers in the form of reduction in its retail prices....

Deloitte : M&A provides growth catalyst for chemical industry in 2013

Despite challenges associated with energy and feedstock volatility and regulatory policies, the global chemical industry is poised for modest growth in 2013 with merger and acquisition (M&A) activity likely to be a key factor in helping companies achieve top line growth. ...

Sumitomo Chemical sets up Business Support Regional Headquarters

In order to strengthen its position in the Southeast Asia, India and Oceania region, Sumitomo Chemical has recently established Sumitomo Chemical (Asia Pacific) Pte Ltd in Singapore as its Business Support Regional Headquarters for the Southeast Asia, India and Oceania region. The new company will begin operation on April 1....

Clariant Chemical India to divest three businesses

Clariant Chemicals (India) has said that the company will divest its textile chemicals, paper specialities and emulsion businesses for a consideration of Rs. 209.15 crores, subject to the approval by the shareholders as required under the Companies Act, 1956....

R Mukundan elected Chairman CII Western Region

R Mukundan is elected as the Chairman of the Confederation of Indian Industry (CII) Western Region for 2013-14. Mukundan is the Managing Director of Tata Chemicals Limited....