The investment values RRVL at a pre-money equity value of Rs. 4.285 lakh crore. GIC’s investment will translate into a 1.22% equity stake in RRVL on a fully diluted basis.
The business friendly reforms carried out by the government have helped India to emerge as one of the best investment destinations among emerging economies, the minister said at CII Life Sciences Conclave 2020.
Mubadala’s investment will translate into a 1.40% equity stake in RRVL on a fully diluted basis.
The project completed at the site is part of the previously announced carboxylic acid expansions in the short and mid-term.
The project has been launched for home delivery of fertilizers to farmers in Andhra Pradesh.
Company has launched range of sustainable luxury packaging with 50% recycled content.
All three companies have been awarded for their extraordinary Safety – Health – Environment (SHE) performance in fertilizer production.
Harnessing digital technology for increased automation, the pilot plant is able to move from single to continuous batch process, increasing efficiency, speed and reducing the use of raw materials.
The value of the order is SEK 9 million and applies to deliveries up to and including the spring of 2021.
With this takeover, ALPLA is expanding its core business in the PET area in India and all 50 employees will be taken over by ALPLA.
On December 21, 2019, BASF and an affiliate of Lone Star had signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business.
Company was recognized for its continued efforts in upholding the highest environment, health and safety standards through the efficient management of its operations.
The plant is expected to produce 30,000 tonnes of high-purity IPA per year, made from propylene supplied by FPG which will be used as a cleaning solution by the electronics industry.
40 tons of high-grade blue ammonia already dispatched for use in zero-carbon power generation, a successful demonstration of the supply network from Saudi Arabia to Japan
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The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council, rose 1.6 percent in September on a three-month moving average (3MMA) basis.
Jointly organised by the Department of Chemicals and Petrochemicals, Government of India and FICCI, the event will see international participation from China, Japan, Iran, Germany, Turkey, Vietnam and Korea.
The revised demand notice amount is mainly after considering C-Forms submitted by BASF to the Commercial Tax Department, Karnataka and recomputation of interest.
Pursuant to the proposed demerger, GHCL will retain its chemicals and consumer products business while GHCL Textiles will focus on textiles business.
Closing of the transaction is expected for the first quarter of 2021 and is subject to regulatory approvals, including antitrust clearance.
Company has developed the process along with its joint venture technology partner Genomatica.
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