Petrochemical | 23 January 2021
Grasim forays into paint business with Rs 5000 Cr investment
The entry of Grasim in the paints sector will offer a wide choice to Indian consumers.
The entry of Grasim in the paints sector will offer a wide choice to Indian consumers.
Petrochemical “Production meant for sale” for the quarter was 4.2 MMT with polyester production higher at 16% Q-o-Q.
The company has entered into a definitive agreement for making capital contribution up to US $50 million in Breakthrough Energy Ventures II
With these measures, cost savings of more than €200 million annually should be realized as of 2023.
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The resin is based on low-density polyethylene (LDPE)
With this 5000 ton-production increase, Kureha will further enhance its stable and efficient supply of differentiated and quality PPS resins
IGX is also the first gas exchange in the country to have secured authorization from Petroleum and Natural Gas Regulatory Board (PNGRB) under recently notified Gas Exchange Regulations 2020.
EBITDA for the quarter stood at Rs. 427 crore and Net Profit was at Rs. 169 crore. Our Core EBITDA margins stood at 31%.
Expects to integrate the new product portfolio within a short period of time
INOVYN will provide state of the art BICHLOR bipolar electrolysers for a new 33,000 square meter facility.
The plans for the new plant are part of the project “ABSolutely Circular”, which is supported by the EU LIFE programme
Investment to increase production capacity demonstrates company's commitment to regional customers and to meeting their growing needs
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Selling prices increased by about 1.5%. Sales volumes decreased approximately 1.5% versus the prior year.
The company has posted net of Rs.245.78 crores for the 9 months period ended December 31, 2020
The company has posted net profit of Rs.2287.16 crores for the 9 months period ended December 31, 2020
The Board of Directors expressed its thanks to Osama Farouk for his services and contributions throughout his service in the company and wishing him success.
The company has posted net profit of Rs.23.43 crores for the 9 months period ended December 31, 2020
The said Industrial Plot is acquired under e-auction process held through Liquidator/IP appointed by Hon'ble NCLT, New Delhi
Professor Peter Piot is the Director of the London School of Hygiene & Tropical Medicine.
Till date, the company has been granted 83 patents globally.
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