ICRA has assigned LBB+ rating to Rs. 17.50 crore fund based facilities of Godavari Polymers Private Limited (GPPL). ICRA has also assigned an A4 rating to Rs.23.50 crore non-fund based facilities of GPPL. The outlook on the long-term rating is Stable
Ube Industries Ltd and HighChem announced that they will license their technologies for transforming a synthetic gas (a mixture of carbon monoxide and hydrogen gases) derived from coal gasification into a polyester feedstock to the Chinese firm Qianx
Reliance Industries Limited (RIL) and BP today announced a historic partnership between the two companies. Mukesh Ambani, CMD, RIL and Robert Dudley, BP Group chief executive, signed the relationship framework and transactional agreements in London
BP recently confirmed that it is proceeding with its project for a major increase in purified terephthalic acid (PTA) production capacity at the BP Zhuhai Chemical Company Limited (BP Zhuhai) site in Guangdong Province, China, a JV between BP and Zhu
BASF will present its wide-ranging expertise in the field of formulation additives at European Coatings Show (ECS) to be held on March 29 to 31 in Nuremberg, Germany, The company will showcase its innovative solutions in the areas of dispersing agen
Gujarat Narmada Valley Fertilisers Company (GNFC) today said New India Assurance (NIA) company has settled the claim of Rs 141.20 crore on account of explosion in one of its boilers this month.
CRISIL has reaffirmed its ratings of "˜BB-/Stable/P4+' on the bank facilities of Rama Phosphates Ltd (RPL). The ratings continue to reflect RPL's susceptibility to adverse changes in government regulations and its limited track record of profit
The Performance Products division of Huntsman Corporation (NYSE: HUN) today announced that it is going ahead with the engineering design for a 40,000 tonne capacity expansion program at its world-scale polyetheramine facility in Singapore.
India's largest naphtha cracker plant at IndianOil's Panipat Complex was dedicated to the nation by the union minister of Petroleum and Natural Gas, S Jaipal Reddy. The Naphtha Cracker Complex, built at a cost of Rs.14,439 crore will provide a si
As part of the strategic realignment of the Paper Chemicals division, BASF will be closing down its production facility for the manufacture of basazol dyes at the Ludwigshafen (Germany) site. In future, the demand for paper dyes in Europe will be ser
IndianOil has registered a profit of Rs. 1,635 crore for the third quarter of the current financial year ended December 2010 as compared to a profit of Rs. 697 crore for the same quarter of the previous year. The profit for the current quarter could
Specialty chemicals group Lanxess is taking steps to adjust its asset structure in India. Production facilities in Madurai, Tamil Nadu state, will be relocated to the company's recently-opened site in Jhagadia, Gujarat state. This will affect facil
AkzoNobel's ambition to accelerate growth and increase revenue in India to €1 billion within the next five years has been underlined today by the official opening of a new Industrial Coatings plant near Bangalore. The facility, which will produce
ICRA has assigned an LBB rating to the Rs. 15 crore proposed term loans, the Rs. 6 crore proposed fund-based limits and the Rs. 12 crore proposed non-fund based limits of Lords Chloro Alkali Limited (LCAL). The outlook on the rating is stable.
BASF has started operations at its expanded plant for the production of the biodegradable plastic Ecoflex. Expansion of the existing plant in Ludwigshafen will increase production capacity for Ecoflex from 14,000 to 74,000 metric tonnes per year. At
Bayer MaterialScience inaugurated its Color Competence and Design Center in Greater Noida, near New Delhi today. This new Center provides products and solutions for polycarbonate compounds, ranging from color matching and small-scale production, to t
The Pesticide Manufacturers and Formulators Association of India (PMFAI) recently discussed European Union's (EU) role in steering proceedings at international chemical conventions.
CRISIL's ratings on Gujarat Fluorochemicals Ltd's (GFL's) bank loan facilities and commercial paper programme continue to reflect GFL's integrated operations and diversified product profile, strong liquidity, and comfortable financial risk pr
Borouge, a leading provider of innovative plastics solutions, has awarded a contract worth US$169 million to Hyundai Engineering and Construction of South Korea to build a cross-linkable polyethylene (XLPE) unit at its petrochemical plant in Ruwais,
Tata Chemicals reported a 9 percent rise in its consolidated revenues for the quarter ended December 2010 at Rs. 2890.85 crore compared to corresponding previous year quarter while bottomline fell 23 percent to Rs. 164.56 crore mainly due to increase
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