Amal Speciality Chemicals commissions 300 tpd sulphuric acid plant

Amal Speciality Chemicals Ltd (ASCL), wholly-owned subsidiary of Amal Ltd has commissioned its 300 tpd Sulphuric Acid plant with zero liquid discharge facility.

Indo Amines receives environment clearance for expansion project

Indo Amines has received an environment clearance for expansion of 'synthetic organic chemical' for its manufacturing plants situated at Plot No. A-35/1, MIDC, Badlapur, Tal. Ambernath, Dist. Thane and Plot No. J-5, MIDC Avdhan Taluka, Dist. Dhule, Maharashtra.srishti

CPCL to form JV for Cauvery Basin Refinery

The Board of Directors of Chennai Petroleum Corporation Limited (CPCL) considered and approved the Proposal for formation of a Joint Venture Company amongst Chennai Petroleum Corporation Limited, Indian Oil Corporation Limited and Other Seed Equity Investors viz., Axis Bank Limited, HDFC Life Insurance Company Limited, ICICI Bank Limited, ICICI Prudential Life Insurance company Limited and SBI Life Insurance Company Limited for Implementing the 9 MMTPA refinery project at Cauvery Basin Refinery, Nagapattinam District, at an estimated cost of Rs.31,580/- crore (Rupees Thirty One Thousand Five Hundred and Eighty Crore only) (+/- 10% accuracy).

Further, the Board of Directors of CPCL also accorded approval for Equity Investment of upto Rs. 2570/- Crore (+/-10%) by CPCL in the Joint Venture, towards CPCL's contribution of 25%.

Himadri Speciality Chemical allots 725,50,000 warrants

Upon receipt of an amount aggregating to Rs. 126.96 crores at the rate of Rs. 17.50 per warrant, being 25% of the issue price per warrant as upfront payment (Warrant Subscription Price) and application forms from the 28 proposed allottees, the Share Issue & Allotment Committee of the Board of Directors of Himadri Speciality Chemical Ltd, has on 22 August 2022, considered and approved the allotment of 7,25,50,000 warrants at a price (including the Warrant Subscription Price and the warrant exercise price) of Rs. 70 payable in cash, aggregating upto Rs. 507 crores on preferential basis to the Promoter/ Promoter Group of the Company and certain identified non-promoter persons / entity.