Chemical | 20 October 2020
DCM Shriram earnings, profit grows in second quarter
The company has reported a jump of 15% YoY and total income stood at Rs.2064.61 in second quarter.
The company has reported a jump of 15% YoY and total income stood at Rs.2064.61 in second quarter.
ICN's e-conference on 23rd Oct 2020 will see participation from India's top companies and technology providers from chemical industry.
Karnataka Appellate Tribunal vide its order dated 16th October, 2020 has granted stay on recovery of demand aggregating to Rs.38.86 crores pertaining to the period 2013-2014.
As per new order, the compensation amount has been reduced to US$494,380.53.
Company has received further sum of Rs.12 crores on Oct 19, 2020.
Company has approved allotment of 1,33,92,663 equity shares at a price of Rs.133 per equity share.
NOVA Chemicals has agreed to sell its expandable styrenics business to a subsidiary of Alpek.
The company recorded consolidated revenues of Rs.725 crore for the quarter ended 30 September, 2020, a decline of 3% over PY of Rs.749 crore.
Closing of the transaction is subject to certain contractual closing conditions and regulatory approvals and is expected to occur in Q4 2020.
More than two-thirds of the MNC respondents view India as the number one choice for future investments.
The US-China trade war and the Covid-19 pandemic would accelerate the pace of this shift as global supply chains would want to completely hedge themselves from supply disruptions.
In order to re-organize the audit process to improve productivity, at the request of the company, KPMG Mauritius has resigned as statutory auditors of UPL Corporation Limited, Mauritius.
Sales amounted to €2.917 billion against €3.232 billion in the prior-year quarter.
Deal with Eneco propels Borealis towards goal of sourcing 50% of total electricity in major business areas from renewables by 2030 and reducing its indirect carbon dioxide emissions.
Company had shut down the urea plant for repairs work on 15th October, 2020.
Company is also launching a review of strategic alternatives for performance chemicals business.
According to him, there is a need to change perceptions and for that a lot of work needs to go on in terms of making governments realize that it is not that industry is asking for a subsidy every time or for a support on money or finance or interest rates all the time but industry needs fast tracking of proposals and help from government and this can be facilitated by removing the bottlenecks.
The job cuts will affect mainly Wacker’s administrative departments and the indirect and non-operational functions of its business divisions. In addition, 200 jobs will be cut back at international sites.
Further amplifies Evonik’s ability to help customers transform their brands to generate distinctive sustainability outcomes.
In addition to supplying 100 percent of the plant’s power needs, the cogeneration unit at the plant delivers enough electricity into the regional grid to power over 4,000 homes, which supplements weather-dependent, renewable sources in the area.
Subscribe To Our Newsletter & Stay Updated
