Tamturbo will complement Sulzer’s portfolio well, leading to scale effects from Sulzer’s strong industrial brand reputation, its experience in manufacturing similar compressor products, its capillary worldwide sales and service network, and its access to key suppliers.
The updated framework should look towards society at large and recognise the complexity and interlinkage between sectors of the economy.
Company's consolidated revenue decreased 4% from Rs. 1,937 crore to Rs. 1,858 crore in Q4FY20 when compared with corresponding period last year (CPLY).
Comprising mainly manufacturing equipment, an amount of approximately 3 billion yen will be invested in the Center for Commercialization of Advanced Technology over two-year period.
The terms and conditions are in line with contracts in place in the Indian Market.
The shares were sold in an open market sale where significant portion of this stake sale was bought by Malabar India Fund and Malabar Value Fund.
While six charred bodies were recovered from the factory after the fire was doused, two more workers died at separate hospitals in Bharuch.
The company stated that the cost reductions should enable it to remain within the revised guidance range it set forth in its first quarter 2020 earnings release.
The company’s steady and growing revenue profile, highly efficient operations and numerous growth opportunities make this an attractive investment.
The revenue of Q1 FY2020-21 ending 30th June, 2020 has been badly impacted due to partial running of the operations however it is not quantifiable at this stage. Even profitability is likely to be affected adversely owing to lower capacity utilization.
AGC will prepare for the plant to resume full-scale operations by April 2021.
The sale of Arkema’s functional polyolefins business to SK Global Chemical was finalized on June 1st and is fully in line with the strategy to refocus the group’s activities on specialty materials.
The Department prescribes minimum 60%, 70% and 80% local content for FY2020-21, FY2021-23 and FY2023-25 respectively of local chemicals and petrochemical contents in public procurement.
The factories located at Tarapur and Navi Mumbai are operating at near normal capacity with some sporadic disruptions due to transportation, manpower and material issues.
The company feels that the business did not face any significant disruption and the company does not foresee any major adverse impact going forward due to COVID-19.
The business will be integrated into Solenis as part of its direct-to-market strategy.
Technology would create additional demand for acetic acid.
RK Chaturvedi has replaced P Raghavendra Rao who superannuated on 31st May, 2020.
Nouryon has introduced a multi-purpose, biodegradable dispersant that can replace less sustainable products in water-based crop protection and seed-treatment formulations.
The government has fully assured the pharmaceutical industry it will fully support it in its expansion, diversification and strengthening says Commerce and Industry Minister Piyush Goyal interacting with the captains of the pharmaceutical industry.
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