Petrochemical | 18 February 2021
CDG Petchem Q3FY21 consolidated PAT at Rs. 0.49 Cr
The company posted net profit of Rs.0.1832 crores for the period ended December 31, 2019.
The company posted net profit of Rs.0.1832 crores for the period ended December 31, 2019.
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"We are trying to eliminate the cascading effect of different taxes on natural gas across different states. Uniformity of tax will lead to reduction of cost of natural gas and increase in its usage across industries. We are committed to bringing natural gas under the GST regime,” the PM said.
In total 16 new tanks with a combined capacity of 64.000 cbm will be built at Vopak Terminal Vlaardingen.
EBITDA excluding non-recurring items amounted to SEK 257 m (275).
Revenue of $783 million increased 13 percent compared to $693 million.
The expansion of ADNOC's product range is also part of its broader downstream 2030 Smart Growth Strategy.
Pradhan said that investment of 60 billion US dollars is underway for developing gas infrastructure which includes pipelines.
APSEZ plans to invest over Rs10,000 crore to develop the port into a multi-cargo port.
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Decreased custom duty on naphtha is likely to further improve the utilization of crackers resulting in availability of cost competitive olefins and aromatics.
Technip Energies announced the appointment of a new member of its Board of Directors.
Responding to a media report ‘Clariant Chemicals to buy 51% in India Glycols' specialty chemical biz’, India Glycols stated that the company is yet to take any final decision regarding any collaboration.
The Profit before exceptional item & tax stood at Rs. 19.0 crore for the quarter ended December 31, 2020.
Top three challenges with legacy systems were integration with new applications , lack of business agility and security exposure.
Gurmeet is responsible for the execution of Huntsman’s strategy for Polyurethanes division to achieve differentiated growth.
Net debt for the total Group decreased to CHF 1.040 billion versus CHF 1.372 billion recorded at the end of 2019.
India business grew 11.8% YoY vs mid-single digit industry growth.
The company recently announced huge capital outlay of Rs50bn over the next three years with ambition to be strong no.2 player both in terms of market share and profitability over 'reasonable' period and target of 20% IRR.
Petroleum product sales at Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) surged by 22%-23% in the third quarter of the financial year ending March 2021 (3QFY21) from the previous quarter,
The aim of this transfer and consolidation is to increase the operational efficiency of the membrane business
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