The Rights Issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign.
The company has restarted operations with available workforce, since May 15, 2020, adhering to the safety norms prescribed by the government.
The estimated cost of the project is Rs. 28,983 crore.
The new material grade will be available in various performance grades as fiber and unidirectional laminate (UD).
The increased use of alternative resources for in-house production is part of a long-term strategic program that Covestro is implementing as it fully commits to the circular economy.
With the impact of COVID-19 outbreak globally and the downturn in oil and gas market prices, companies are announcing project delays.
Company expects to invest between $650-$750 million in its renewables business, with an expected aggregate internal rate of return of 20-30%.
The LanzaJet process can use any source of sustainable ethanol for jet fuel production, including, but not limited to, ethanol made from recycled pollution, the core application of LanzaTech’s carbon recycling platform.
The transaction is expected to be finalized in the second quarter of 2020.
The company believes Vestolit is a fundamentally strong business, with a unique global footprint and strong cash generation, and will continue to focus on driving sustainable, profitable growth.
The plant, set to produce 200,000 metric tons annually, is expected to come online in 2023.
The company plans a $25 million process safety and control systems upgrade to the facilities and will start production in two new oxide reactors by the end of this year.
The company will use chemically recycled plastics supplied by Sabic in Europe.
The committee said the tanks from which the gas leaked May 7 at the LG Polymers plant in Vishakhapatnam, a port city in Andhra Pradesh state, were outdated and lacked temperature sensors.
The first plants will produce engineering plastics and thermoplastic polyurethane (TPU) to serve the increasing needs of various growth industries in the southern China market and throughout Asia.
The company has supplied polyamide (DOMAMID 6NC) to a safety mask manufacturer for the filter valve of their N95 mask model.
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IndianOil Corporation Limited has issued 30,000, 5.05% unsecured, listed, rated, taxable, redeemable, non-convertible debentures (Series -XVII) of Rs. 10,00,000 each aggregating to Rs. 3,000 crores on Private Placement basis on 27th May 2020 to meet its Capex requirements.
Oriental Aromatics Limited has started manufacturing operations at Bareilly, Vadodara and Ambernath with permissions from central government and state governments.
Siemens Gas and Power’s scope of supply includes 17 reciprocating compressors, along with a single-stage, hot gas expander.
The acquisition will strengthen active beauty’s global capabilities in botanical active cosmetic ingredients.
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