The existing O2C operating team will be moving with the transfer of business and there will be no dilution of earnings or any restriction on cash flows, RIL said in its statement.
Company will invest to further increase its fluoropolymer production capacities in Changshu by 35% in 2022
SLENTEX has a more consistent surface, thickness, and robust property.
The new facility will have an annual production capacity of 100KTA.
The Authority notes that there is prima facie evidence of dumping and consequential injury to the domestic industry on account of significant volume of imports.
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Phasing out of oil based fuels will create a huge opportunity for petrochemical products.
This will be first PTA facility in Turkey.
Under this agreement, Siegwerk G7 Experts can submit G7 Master Qualifications for its customers in India.
This collaboration is aligned with Dow’s new sustainability target of stopping the waste by collecting 1 MMT of plastics to be collected.
The Board of Directors of Savita Oil Technologies has granted in-principal approval to evaluate acquisition of 100% equity shares of Savita Polymers.
3Q crude oil realisation was USD 44.2/bbl (USD 59.7/41.4 YoY/QoQ) whereas gas realisation was USD 1.9/mmbtu vs. USD 3.4/2.5 YoY/QoQ
Capex target for FY22 is of Rs 4000 crore.
Petronet LNG plans to expand Dahej's capacity to 20 MMTPA in the next three years.
The deal is likely to close in March.
The company’s ROS excluding unallocated cost increased to 15.3% due to strong margin management and cost savings.
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Indian Chemical News (ICN), an online news media covering the Petrochemical, Chemical, Pharma and Energy sector is organizing an E-conference on “India's Petrochemical Industry Outlook 2021” on 19th February, 2021 from 3 PM – 4:30 PM.
The company posted net profit of Rs.0.1832 crores for the period ended December 31, 2019.
"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.
The expansion of ADNOC's product range is also part of its broader downstream 2030 Smart Growth Strategy.
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.
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