Chemical | 25 June 2020
India Glycols reports low profits despite rise in sales
For the full year, net profit stood at Rs.114.66 crores as against Rs.132.61 crores in 2019.
For the full year, net profit stood at Rs.114.66 crores as against Rs.132.61 crores in 2019.
In this new role Dr Steilemann will drive forwards the association and its memberships’ shared vision for greater circularity and sustainability, across the industry.
Close cooperation with a cold storage owner to develop PU insulation panels
The company anticipates that all pre-turnaround construction will be completed later this year, and the final tie-ins are to be installed during a regularly scheduled maintenance outage in early 2021 with additional ADN coming online at that time.
Expansion will substantially accelerate catalyst discovery, development, and overall time-to-market.
The agreement allows DSM to offer customers rapid product development iterations for filaments and pellets based on application needs.
The change will be effective from July 1, 2020.
The partnership with Aramco would give Jamnagar refineries "access to a wide portfolio of value-accretive crude grades and enhanced feedstock security for a higher oil-to-chemicals conversion.
New facility has a designed production capacity of over 450,000 metric tons per year (m.t./yr).
The collaboration has been the result of over a year of evaluation, and their desire to expand their energy transition and circular economy offerings.
Axens will supply catalysts for the MAPD (methylacetylene and propadiene) and phenylacetylene hydrogenation units as well as the catalysts for the Pygas first and second stage units.
He takes over from Ulrich Küsthardt, who has held this position since 2015 and is now taking early retirement.
Pragya Bhartia Barwale holds a Bachelor of Arts degree in Economics and International Relations from Brown University, USA and a Master of Science degree in Development Economics from the University of Oxford.
PAT stood at Rs. 9,422 crore, up by 44% as compared to the last fiscal year.
The acquisition will contribute significantly to Chroma Color’s leadership in the colorants and additives industry
The company is debt-free and is having adequate cash reserves to meet its Capex requirements.
Sales rose 5.05% to Rs 20211.25 crore as against Rs 19240.13 crore in 2019.
The company's sales rose 21.59% to Rs 1630.61 crore as against Rs 1341.04 crore in the previous year.
For the full year, the company has posted net profit of Rs. 201.32 crore FY20 as against Rs. 86.10 crore in FY19.
Sales down by 20% across April and May with similar demand trend seen for June as well.
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