Sale of fibre and yarn during December 2020 has increased by 19 per cent to around Rs.64.02 crore.
The PFCC will convert the heavy hydrocarbons from the Vacuum Distillation Unit to produce more valuable gasoline, diesel, propylene and lighter products by the process of catalytic cracking.
Under the scheme, the Government of India provides grant funding up to 50% of the project cost, subject to a ceiling of Rs. 40 crore per Plastic Park project.
The equity contribution of Kansai Nerolac Paints Limited in the further issue of shares by the Bangladesh subsidiary is BDT 165 million i.e. around Rs. 14.33 crores.
Animesh Banerjee has tendered his resignation from the post of Chief Executive Officer (CEO) of Jindal Poly Films Limited due to personal reasons.
Welspun Corp Limited (WCL), a preferred supplier of line pipes in the world has received Rs. 418 crores order from Saudi Aramco.
I G Petrochemicals Limited (IGPL) has commenced the commercial production of its new brownfield manufacturing facility (PA–4 Plant) at Taloja Industrial Area, Maharashtra.
The plastics recycling market in India is estimated to grow at a rate of 6.5% to attain a market size of US $53.72 billion by the end of 2023
The chemicals manufacturing plant utilisation is expected to be between 77% and 81%.
Anti-dumping duty in respect of imports fromRussia is required to be modified in view of changed margin of dumping.
The new process uses bio-based monomers to make the resins, rather than the traditional oil-based
Once complete, the olefins complex will be largest liquefied petroleum gas steam cracker in the world and highly integrated with the refinery to maximize propylene.
The regional and unorganised players are likely to face huge sourcing and working capital challenges in the near term.
The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions.
The company will focus on industrial adhesives range through its strong OEM clientele of around 300 loyal customers.
The company estimates Paint Protection Films to contribute 20% of FY23 revenue estimated at an incremental Rs. 300 crore.
During the financial year 2019-20, BGRL has recorded revenue from operations of Rs.273.35 crore.
The Board of Directors has also approved the proposal to approach Government of Madhya Pradesh (GoMP) for acquiring 269,00,000 warrants held by GoMP in BORL.
The project aims to examine an efficient pathway to produce polypropylene (PP) using difficult-to-recycle mixed waste plastic, powered by Agilyx advanced recycling technology.
The adjustment is due to strongly increased raw material prices and applies to Europe, the Middle East and Africa.
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