Chemical | 01 August 2020
IOL Chemicals sets up Metformin manufacturing unit
The new manufacturing Unit-VII has been established at the existing plant site of the company at Barnala.
The new manufacturing Unit-VII has been established at the existing plant site of the company at Barnala.
_(1).jpg)
The PX-PTA complex shall be integrated with IndianOil’s Paradip Refinery, which is operational from 2015 and will be completed by early 2024.
The company is also in the process of submitting bids for Oil India and ONGC tenders.
Henkel is looking to further its foothold in the D2C market with the new acquisition.
The total fund amount is Rs. 11.86 crore which will contribute to enhancing the income of farmers and will be released in installments.
New project will help in adding an extra 1,00,000 tonnes per annum capacity by January 2022.
Sales drop due to COVID-19 pandemic.
Sales dropped by 50.2% YoY and stood at Rs 248.13 crore in June 2020.
Company's profit jumped to Rs 121 crore in Q1 FY21.
Siemens Energy will supply the required 20 compression trains. Ten trains will be built for the injection portion of the plant, and another 10 trains will be used for the withdrawal portion of the plant.
Decline due to lower production in domestic business post closure of Panna Mukta and D1D3 fields and lower prices.
COVID-19 pandemic is likley to severely impact the whole year revenue gudiance due to which the company is focusing on mitigation and cash generation.
Project is focused on increasing the performance, manufacturability and environmental profile of lithium-ion battery (LIB) cells.
Sales drop by 53% in second quarter.
Decline due to lower price realizations with disruptions in local and regional markets amid Covid-19 outbreak.
As a Tier 2 member, the company will provide unique carbon fiber Non-Crimp Fabrics as well as Thermoset and Thermoplastic prepreg materials for diverse applications in these projects and in other NCC development programs.
The agreement enhances Firmenich's position in naturals and sustainability.
HQ to be shifted to Chattanooga, Tennessee from Dalton, Georgia.
Lower crude oil price and lower throughput key reasons for revenue decline.
The deal involves developing solutions aimed at optimizing the management and recovery of all industrial waste produced on 20 sites located across France.
Subscribe To Our Newsletter & Stay Updated
_195_291.jpg)
