IndianOil has registered a profit of Rs. 1,635 crore for the third quarter of the current financial year ended December 2010 as compared to a profit of Rs. 697 crore for the same quarter of the previous year. The profit for the current quarter could
Mumbai-based consulting firm Tata Strategic Management Group will be the knowledge partner for the task force set up to study various facets of the chemical industry.
The Indian Chemical Council (ICC) has requested the Directorate General of Systems and Data Management to look into the problem of non-availability of relevant data at a number of customs ports.
Specialty chemicals group Lanxess is taking steps to adjust its asset structure in India. Production facilities in Madurai, Tamil Nadu state, will be relocated to the company's recently-opened site in Jhagadia, Gujarat state. This will affect facil
A number of ministries, including the Ministry of Chemicals and Fertilisers, are in favour of drawing up a list of commodities which could be considered for labelling of packaged items in the country before their import.
AkzoNobel's ambition to accelerate growth and increase revenue in India to €1 billion within the next five years has been underlined today by the official opening of a new Industrial Coatings plant near Bangalore. The facility, which will produce
The Indian Chemical Council (ICC) has suggested constitution of a fund of substantial amount for reimbursement of REACH registration expenses. In its pre-budget memorandum for 2011-12 to the Department of Chemicals and Petrochemicals (DCPC), the ICC
ICRA has assigned an LBB rating to the Rs. 15 crore proposed term loans, the Rs. 6 crore proposed fund-based limits and the Rs. 12 crore proposed non-fund based limits of Lords Chloro Alkali Limited (LCAL). The outlook on the rating is stable.
A task force on plastic waste management has been constituted with the secretary of chemicals and petrochemicals as its chairman.
The Pesticides Manufacturers' and Formulators Association of India (PMFAI) has expressed deep concern over various problems faced by the Indian pesticide industry and has sought the intervention of the Department of Chemicals and Petrochemicals (DC
Stressing on the need for greater emphasis on innovation and research and development in the Indian chemical industry to make it more competitive globally, the Indian Chemical Council (ICC) has called for more investments and tax benefits in this reg
The Central Institute of Plastic Engineering and Technology (CIPET) is processing the applications received for the national awards for technology innovation in petrochemical and downstream plastic processing industry.
BASF has started operations at its expanded plant for the production of the biodegradable plastic Ecoflex. Expansion of the existing plant in Ludwigshafen will increase production capacity for Ecoflex from 14,000 to 74,000 metric tonnes per year. At
Bayer MaterialScience inaugurated its Color Competence and Design Center in Greater Noida, near New Delhi today. This new Center provides products and solutions for polycarbonate compounds, ranging from color matching and small-scale production, to t
The Pesticide Manufacturers and Formulators Association of India (PMFAI) recently discussed European Union's (EU) role in steering proceedings at international chemical conventions.
CRISIL's ratings on Gujarat Fluorochemicals Ltd's (GFL's) bank loan facilities and commercial paper programme continue to reflect GFL's integrated operations and diversified product profile, strong liquidity, and comfortable financial risk pr
CRISIL's ratings on the bank facilities of Mangalore Chemicals and Fertilizers Ltd (MCF) continue to reflect MCF's established position in the fertiliser business, especially in South India, and healthy operating efficiency. These rating strength
Borouge, a leading provider of innovative plastics solutions, has awarded a contract worth US$169 million to Hyundai Engineering and Construction of South Korea to build a cross-linkable polyethylene (XLPE) unit at its petrochemical plant in Ruwais,
Globus Spirits Ltd has approached the Ministry of Environment and Forests for environmental clearance for expansion and modernisation of its grain-based distillery unit at Shyampur in Rajasthan's Alwar district.
Tata Chemicals reported a 9 percent rise in its consolidated revenues for the quarter ended December 2010 at Rs. 2890.85 crore compared to corresponding previous year quarter while bottomline fell 23 percent to Rs. 164.56 crore mainly due to increase
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