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IndianOil Corporation Limited has issued 30,000, 5.05% unsecured, listed, rated, taxable, redeemable, non-convertible debentures (Series -XVII) of Rs. 10,00,000 each aggregating to Rs. 3,000 crores on Private Placement basis on 27th May 2020 to meet its Capex requirements.
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.
The Ministry of Agriculture has proposed to ban (import, manufacture, sale, transport, distribute and use) 27 pesticides (12 insecticides, 7 herbicides and 8 fungicides) which the ministry believe are likely to involve risk to human being and animals.
Oriental Aromatics Limited has started manufacturing operations at Bareilly, Vadodara and Ambernath with permissions from central government and state governments.
TAN, IPA and Ammonia plants have been continuing near normal operations.
Total income for the quarter stood at Rs.2661 crore in comparison to the corresponding quarter last year of Rs.2297 crore.
Siemens Gas and Power’s scope of supply includes 17 reciprocating compressors, along with a single-stage, hot gas expander.
The RENUVA Mattress Recycling Program will take discarded mattress foam and turn it back into raw material (polyol) through chemical recycling, the process of converting waste into feedstock.
The acquisition will strengthen active beauty’s global capabilities in botanical active cosmetic ingredients.
Consolidated net profit touched Rs. 234 crore as against Rs. 110 crore for the corresponding quarter last year, an increase of 112%.
Locust Control Offices (LCOs) have conducted control operations at 15 locations in Rajasthan and Madhya Pradesh (MP).
She will join Adesis on June 1, 2020 and lead the operational, sales and marketing aspects of the CRO business.
Gulshan Polyols Q4 FY2019-20 revenue from operations was down by 20.6% to Rs. 135 crore vis-a-vis Rs. 170 crore in FY 2018-19.
Supreme Petrochem's domestic demand for Polystyrene and EPS (Expandable Polystyrene) remain subdued due to lockdown while demand for other products is negligible whereas exports of Polystyrene (PS) have recently picked up.
Usage rates in Brazil and the United States were temporarily reduced due to lower demand and the movement to reduce inventories in the petrochemical and plastics production chain.
BP has entered into an agreement to license its latest generation technology for the production of purified terephthalic acid (PTA) to China’s Dongying Weilian Chemical Co., Ltd.
The acquisition will help make Firmenich the industry leader in renewable and sustainable ingredients.
The topping-out ceremony is planned for the end of June, with the handover and commissioning scheduled for December.
The company reported a drop in earnings wherein net profit of declined 11.90% to Rs 110.35 crore in the quarter ended March 2020 as against Rs 125.25 crore during the previous quarter ended March 2019.
Siemens Gas and Power’s scope of supply covers the engineering, manufacturing, and testing of the three, single-shaft centrifugal BOG compression packages, along with all installation and commissioning activities.
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