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
Effective February 1, 2010, or as contracts allow, BASF will increase prices in Europe, Africa and Western Asia for polymer dispersions as well as additives by 130 Euro per metric ton and acrylic resins and redispersible powders by 200 Euro per metri
INEOS Phenol and Sinopec Yangzi Petrochemical Company have signed a Memorandum of Understanding (MOU), agreeing the framework for the design and future operation of a phenol/acetone joint venture at the Nanjing Chemical Industrial park in Jiangsu Pro
The Indian Chemical Council (ICC) has called for correction in the inverted duty structure and CENVAT of several items in the forthcoming budget. In its pre-budget memorandum for 2011-12 to the Department of Chemicals and Petrochemicals (DCPC), the I
CB&I announced that Lummus Technology has been awarded a contract by Formosa Chemicals and Fibre Corporation (FCFC) for the license and engineering design of a grassroots cumene and phenol plant to be built in Ningbo, China. This is a fourth quarter
United Phosphorus has posted a 33.5 percent increase in its consolidated net profit after tax with Income from Associate Companies of Rs 83.31 crore for the quarter ended December 31, 2010 as compared to Rs 62.85 crore for the quarter ended December
The Indian Chemical Council (ICC) has termed the draft Coastal regulation Zone (CRZ) notification as well drafted and one which will help in preserving, conserving coastal regions and marine biology besides in sustainable development of the coastal r
CRISIL's ratings on Sud-Chemie India Pvt Ltd's (Sud Chemie India's) short-term debt programme and bank facilities continue to reflect Sud Chemie India's strong joint venture (JV) tie-up with Sud Chemie AG (SCAG), Germany, Sud Chemie India's
CRISIL's ratings on the bank facilities of Amines & Plasticizers Ltd (APL) continue to reflect APL's weak financial risk profile marked by small cash accruals and weak debt protection metrics. These rating weaknesses are partially offset by APL"
Haryana Organics has proposed to expand and modernise its distillery and captive power plant at Chulkhana in Panipat district. The existing unit produces 25 KLPD of distillery products using molasses and grain and wants it to increase it to 100 KLPD.
Chemical major Gujarat Alkalies and Chemicals Limited (GACL) has entered into an agreement with a Germany-based specialty chemicals maker, Evonik Industries for setting up a multi-million hydrogen peroxide and propylene oxide (HPPO) project at Dahej
Omkar Speciality Chemicals is entering capital market with an initial public offering (IPO) of 8.10 million equity shares of Rs 10 each on January 24. The issue constitutes 41.27% of the fully diluted post issue paid-up capital of the company.
The Indian Chemical Council (ICC) has suggested zero import duty for feedstocks like naphtha and hydrocarbons and also chemical items like ethanol, coal and catalysts. "For the Indian chemical industry to be competitive, there is an imperative need
ICRA has upgraded the long-term rating outstanding on the Rs.1.25 crore term loan and the Rs. 19.03 crore fund based bank limits of India Carbon Ltd (ICL) from LBBB to LBBB+ . The outlook on the long-term rating is stable. ICRA has also upgraded the
Patel Pesticides (India) has sought the Environment and Forests Ministry's clearance for its proposed pesticide manufacturing unit at Nandesari in Gujarat's Vadodara district. The company wants to manufacture 100 MTPM of profenofos. The by-produc
SI Group-India has requested the government to reduce import duty on crucial olefinic products to a level not exceeding 5 percent ad valorem. In a letter to the Department of Chemicals and Petrochemicals, SI Group also called for correction of invert
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