The investment at facilities in Europe and the U.S. will bring additional capacity on stream during Q1 2021.
This is part of Mondi’s efforts to mitigate the spread of COVID-19 and respond to increased demand by health authorities, businesses and consumers for face masks.
Neogen Chemicals Limited Q4 FY20 revenue was up by 3% to reach Rs. 82 crore whereas FY20 revenue was up by 28% to reach Rs. 306 crore.
Company's operational PAT (Profit After tax) has increased by 18.33% to reach Rs. 108.71 crore in Q4 FY2019-20 vis-a-vis Rs. 91.87 crore in Q4 FY2018-19.
In order to prioritise domestic requirements over exports and also to ensure availability of high quality hygiene products to the end consumer, DFPCL is gradually shifting its focus from a key raw material supplier of IPA for hand sanitizers market to the final hand sanitizer product producer.
The board of directors of Deepak Ferilisers and Petrochemicals Corporation Limited (DFPCL) have considered and approved raising of funds by way of issue of equity shares to the existing equity shareholders of the company for an issue size of upto Rs. 180 crore.
The company has resumed operations at its Kalyan plant in Maharashtra with effect from 23rd May, 2020 in a phased manner.
The annual revenue of Chambal Fertilisers and Chemicals has increased by 21% YoY to reach Rs. 12,206 crore whereas annual profit is up 125% YoY to reach Rs. 1,224 crore.
Huntsman Corporation has announced that it has branded its world leading spray polyurethane foam (SPF) Business as Huntsman Building Solutions (HBS).
The credit rating of HIL (India), a PSU under the Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers has been upgraded to BBB- from BB which is a stable investment grade.
The company has commenced production of IPA at its manufacturing facility located at Dahej with an installed capacity of 30,000 TPA. The plant will make IPA from Acetone that it manufactures in the same facility thus mitigating the supply side risks.
The company has seen a steep increase in the demand for Glass Lined equipment over the last 18 months mainly driven by the Indian chemical (Agrochemical & Specialty) & pharma industry which continues to grow strongly.
Indo Amines Limited (IAL) has entered into a Joint Venture cum Collaboration Agreement with a Thailand based Company, Optimal Tech Co. Ltd for manufacturing various specialities like Blended Emulsifiers for Agro, Fertiliser Additives, BKC, etc.
The company's consolidated operating revenue increased to Rs. 5,911mn, up 18% versus Rs. 5,026mn in FY19.
UPL Limited Q4FY20 revenue from operations has shown a growth of 26% to reach Rs. 11,141 crore vis-a-vis Rs. 8,872 crore in Q4FY19.
In her new role, Alonso will also be responsible for the company’s Environmental, Social and Governance (ESG) activities.
The contract price has been set at US$ 230 per tonne of potash fertilizers on the terms of delivery to the buyer’s port (CFR), and to a greater extent reflects the current market situation, in contrast to the commercial terms of the Chinese contract, which were considered suboptimal by most companies in the industry.
The facility is scheduled to begin operation in the second quarter of 2021.
In FY 2019-20, the company registered revenue from operations of Rs. 36,094 million, compared to Rs. 31,673 million in the previous year.
The Board of Directors of BASF India Limited at its Meeting held on 22nd May, 2020 approved the proposal to evaluate options regarding acquisition of 100% stake in BASF Performance Polyamides India Pvt. Ltd.
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