Petrochemical | 23 January 2021
Indigo Paints IPO subscribed 117.02 times on final day
The bidding for the Rs. 1170 crore IPO closed on Friday, January 22, 2021.
The bidding for the Rs. 1170 crore IPO closed on Friday, January 22, 2021.
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The agreement with Guangdong Water involves providing high-performance Resicoat R2 coatings for the Pearl River Delta water resource allocation project.
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.
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The resin is based on low-density polyethylene (LDPE)
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 company has posted net profit of Rs.23.43 crores for the 9 months period ended December 31, 2020
The project will be realized under a 50-50 joint venture called SPEAR (SABIC Plastic Energy Advanced Recycling BV) and is being executed with a Top Sector Energy Subsidy from the Ministry of Economic Affairs in the Netherlands
The company has reported total income of Rs.1227.79 crores during the 9 months period ended December 31, 2020
The company has lit up the Kiln and after preliminary heat up and commencement of feeding of raw material, normal production is likely to resume shortly.
The plant is spread over 35 acres with an initial capital outlay of Rs. 150 mn and proposed to be entirely funded through internal accruals.
SMR will acquire 75% stake and thus will enter into a partnership with the founder of Plast Met.
The company has commissioned 2 lines of PVC pipe and 1 line of HDPE/Sprinkler pipe.
The company registered a net profit of Rs. 11.37 crore in Q3FY21
With the expansion, Avient will also improve lead times for color matching locally.
Indigo Paints proposes to utilise the net proceeds towards funding capital expenditure for expansion of its existing manufacturing facility at Pudukkottai, Tamil Nadu by setting-up an additional unit adjacent to the existing facility and more.
The purpose of this demo plant is to generate material for brand owners and converters to qualify, validate and prove fit for use in their highly demanding applications.
Hengli successfully used Callidus burner technology from Honeywell UOP to minimize nitrogen oxide (NOx) and carbon monoxide (CO) emissions in China, and reduce the impact of these emissions while ensuring safe and stable operations
The divestment consolidates 100 percent of Gemini ownership and all marketing under INEOS.
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