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.
The company's Q4 revenue from operations has increased 56 percent to reach Rs. 277 crore whereas FY2019-20 revenues has increased by 17% to reach Rs. 1,015 crore.
As per the company, the outbreak of Coronavirus (COVID-19) globally and in India and subsequent lockdown by the Government of India has impacted business operation of the group.
The lower level of chemical activity is directly related to supply chain disruptions and the lockdown of much of the U.S. economy during April.
MagIQ Non-Woven Electret Plus improves the dielectric properties in face masks, extending filtration efficiency and the length of time masks will hold a charge.
This was earlier approved by the Cabinet Committee on Economic Affairs in March, 2006 under the rehabilitation package for HOCL.
The drop in revenue is equally attributable to both chemical and textiles which is largely due to softer pricing and COVID-19 impact resulting in lower volumes.
Fairchem Speciality Limited and Insecticides (India) Limited have resumed their operations as per guidelines of central government and state governments.
The company has decided to provide about 70% of the funds necessary for NanoScent, a startup company in Israel, to develop a rapid diagnostic sensor for COVID-19, using their scent recognition devices.
The masks incorporate polyester-based protective layers normally inserted between base and membrane in roof waterproofing as well as silicone-based sealants used for glazing and jointing in construction facilities.
The probe is initiated after a complaint by domestic manufacturer Sudarshan Chemical Industries, which claimed that it is the sole producer of 'natural mica based pearl industrial pigments excluding cosmetic grade' in India.
The department has developed technology for Personal Protective Equipment (PPE) Coverall (Integrated Body Suit and Shoe Cover), for the protection of the doctors, nurses, paramedical staff and others, who are involved in the treatment of coronavirus infected patients.
Clariant’s sites across Roha, Maharashtra; Bonthapally, Telangana; Rania, Vadodara and Cuddalore, Tamil Nadu have been supplying the necessary products that are required for the healthcare facilities.
In response to this critical need, Dow collaborated with nine key partners across a myriad of industries to develop and donate 100,000 isolation gowns to help frontline workers in Texas, Louisiana and Mexico.
Praj Industries and Sekab E-Technology have signed a cooperation agreement to upgrade and commercialize base technology to produce advanced biofuels and biochemicals from forest residue as feedstock.
The company said that its NPK - A plant is shut down due to non-availability of bagging material.
The company reported fourth quarter consolidated income from operations at Rs. 2,378 crore and standalone income from operations at Rs. 734 crore.
The company has announced that it will build a new production line capable of producing up to 4.5 million FFP2 and FFP3 disposable face masks per month at its Newhouse site in Scotland, U.K.
The company had earlier acquired 75% stake in Canon Chemicals Limited, Kenya through Godrej East Africa Holdings Limited, a wholly owned subsidiary in 2016.
India Potash has said that this cut in price for farmers has been done despite substantial weakening of Indian rupee against the US dollar in the last one year and reduction in the government subsidy on MOP by Rs. 604 per MT with effect from 1st April 2020.
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