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 new agreement extends Ghasemi’s term through September 30, 2025.
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.
The company aims to diversify into the hygiene segment with launch of sanitizer and disinfectant.
Clariant’s CATOFIN catalysts were selected due to the performance and reliability of APC’s existing propylene plant in Saudi Arabia.
In her new role, Alonso will also be responsible for the company’s Environmental, Social and Governance (ESG) activities.
The Patalganga facility is planned for 10,000 TPA capacity whereas German facility is planned for 10,000 TPA capacity, taking the overall capacity of 121,300 TPA.
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.
The Board of Directors of NGL Fine-Chem Limited has approved the re-appointment of Rahul Nachane, as Managing Director of the company for further 5 years from 1st June, 2020 to 31st May, 2025 subject to the approval of shareholders at the ensuing Annual General Meeting.
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.
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.
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Pitching for Aatmanirbhar Bharat, Minister Dharmendra Pradhan called for complete indigenisation in these projects.
Dr. Ashutosh Karnatak, Director (Projects), GAIL (India) Limited has resigned with effect from 21st May, 2020 and joined as Technical Member - Petroleum and Natural Gas in the Appellate Tribunal for Electricity.
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