Chemical News

'Construction chemicals demand rising in Indian market'

gopi — Tue, 18 Jun 2013 10:27:57 +0000

Summary:

NEW DELHI: Netscribes Inc., a global market intelligence firm has released its latest report on the 'Construction Chemical Market in India 2013'.

The report elaborates the growing trend in the Indian market towards the application of construction chemicals in construction projects.

Indian Specialty Chemicals Market likely to reach $50 bn by 2018

gopi — Tue, 18 Jun 2013 10:23:13 +0000

Summary:

NEW DELHI: The Indian market for specialty chemicals is expected to reach US $50 billion by the end 2018.

Driven by the strong growth outlook for end use industries, the domestic market for specialty chemicals is expected to grow strongly, buoyed also by the increased adoption of specialty chemicals and their increased usage in different products categories.

Fertiliser firm FACT to invest Rs 6500 crore by 2020

admin — Tue, 21 May 2013 05:41:39 +0000

KOCHI: The Fertilisers and Chemicals Travancore (FACT) will invest a total investment of Rs 6,500 crore by 2020 to achieve a turnover of Rs 7,000 crore and a profitability level of Rs 300 crore, a top official said.

Inspect fruits, vegetables markets for chemicals: HC to centre

admin — Tue, 21 May 2013 05:40:47 +0000

NEW DELHI: The Delhi High Court recently directed the central government to find out if fruits, especially mangos, contain chemical by carrying out surprise inspections in fruits and vegetables markets.

Gujarat Alkalies and Chemicals Q4 net profit up at Rs. 80.73 cr

admin — Tue, 21 May 2013 05:25:00 +0000

NEW DELHI: Gujarat Alkalies and Chemicals Ltd has posted net profit of Rs.80.73 crores for the quarter ended March 31, 2013 against Rs.44.21 crores for the quarter ended March 31, 2012.

Fertiliser subsidy unlikely to reduce: Crisil

admin — Tue, 07 May 2013 06:32:52 +0000

NEW DELHI: A global analytical and credit rating agency Crisil has said that the government's fertiliser subsidy is unlikely to reduce even after new plants are set up under the urea investment policy because the production cost is expected to shoot up due to high global price of gas.

IFFCO posts 9% profit before tax in FY13

admin — Tue, 07 May 2013 06:24:07 +0000

Summary:

NEW DELHI: India's leading Fertiliser company, IFFCO posted 9 per cent increase in its profit on Sunday, despite fall in sales of nutrients because of bad monsoon in some parts of the country.

Urea sales up 2%, P&K fertilisers down 25% in FY13

admin — Tue, 07 May 2013 06:04:33 +0000

NEW DELHI: Country's urea sales increased marginally by 2 per cent to 30.16 million tonne last fiscal, however those of phosphatic and potassic fertilisers (like DAP and MoP) declined by 25 per cent to 19.1 million tonne during the same period, Minister of State for Chemicals and Fertilisers Srikant Jena informed Lok Sabha.

Govt receives 15 investment proposals to set up urea plants

imart5 — Sat, 04 May 2013 07:43:28 +0000

Summary:

NEW DELHI: The Government of India has said that they have received 15 investment proposals towards setting up of gas-based urea fertiliser plants in the country.

NEW DELHI: The Government of India has said that they have received 15 investment proposals towards setting up of gas-based urea fertiliser plants in the country. The proposals have come from public, private and cooperative firms.

Govt may consider subsidy on P&K fertilizer

gopi — Wed, 01 May 2013 08:32:47 +0000

Short-term issues to continue for fertiliser industry: Report

admin — Tue, 23 Apr 2013 11:56:01 +0000

MUMBAI: The fertiliser industry will continue to face the short-term concerns in financial year 2012-13, mentioned Edelweiss recently in a report.

'Indian chemicals industry to witness more M&As in 2013-14'

admin — Tue, 23 Apr 2013 11:44:15 +0000

MUMBAI: Amid the economic slowdown in Europe and the US, investors from these countries will look to India for merger and acquisitions (M&A).

Tamil Nadu Petroproducts reports Rs 34.02 cr net loss in FY13

admin — Tue, 23 Apr 2013 08:40:58 +0000

Summary:

MUMBAI: Tamil Nadu Petroproducts has posted a consolidated net loss of Rs 34.02 crore for the financial year ending March 31, 2013, company said in a BSE filing.

'Technology upgradation key to make Chemical, petrochem industry competitive'

gopi — Mon, 15 Apr 2013 06:10:05 +0000

Summary:

NEW DELHI: Amid growing competition from other countries in chemical sector, Indian chemical and petrochemical industry needs technology upgradation to match standard of global players.

US chemical group inks MoU with Indian oil industry

rimme — Tue, 09 Apr 2013 10:28:04 +0000

Summary:

NEW DELHI: The Center for Chemical Process Safety (CCPS) of the American Institute of Chemical Engineers (AIChE) has inked a memorandum of understanding with the Government of India’s Oil Industry Safety Directorate (OISD), the groups said.

'India needs to add more uranium reserves in promising areas'

rimme — Tue, 09 Apr 2013 07:39:24 +0000

Summary:

JAMSHEDPUR: International Atomic Energy Agency (IAEA) is organizing a five-day inter-regional training course on Uranium exploration strategy, mining and processing techniques which commenced here today.

McDowell sells 1% stake in chemical firm MCFL

rimme — Tue, 09 Apr 2013 06:29:17 +0000

Summary:

NEW DELHI: The UB Group's Mangalore Chemicals and Fertilizers (MCFL) has announced that its promoter firm McDowell Holdings Ltd has sold 1.01 per cent stake in the company for Rs 3.4 crore in the open market.

Cabinet likely to discuss subsidy on P&K fertiliser

imart5 — Tue, 02 Apr 2013 09:21:26 +0000

Summary:

NEW DELHI: The Union Cabinet on Tuesday met to fix subsidy for non-urea phosphatic and potassic (P&K) fertilisers for FY 2013-14.

Lanxess India registered Rs 1,672 cr sales growth in 2012

rimme — Thu, 28 Mar 2013 05:21:28 +0000

MUMBAI: In spite of uncertainty in the economic scenario and fluctuations in the exchange rates, speciality chemicals company Lanxess India has announced that it has registered sales growth worth Rs 1,672 crore in 2012 as against Rs 1,464.2 crore in the year before that.

Zuari Agro Chem shuts down plants for maintenance

rimme — Mon, 25 Mar 2013 12:46:01 +0000

NEW DELHI: Zuari Agro Chemicals, fertiliser and seeds company, has announced that it has shut down its plants for scheduled annual maintenance.