Polymer

The directive, which came into effect on November 12, aims to improve raw material availability for downstream industries

BLS Polymers has filed preliminary papers with markets regulator Sebi to seek its approval for raising funds through an initial public offering (IPO). The company's maiden public issue is an entirely fresh issue of 1.7 crore equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Wednesday. Proceeds from the issue to the tune of Rs 69.84 crore will be used for expanding the company's manufacturing facility by increasing the capacity of certain existing products; around Rs 75 crore will be allocated towards meeting the working capital requirements of the company; and the balance will be used for general corporate purposes. BLS Polymers manufactures a wide range of custom polymer compounds used across industries such as telecommunications, power, railways, water, and oil & gas distribution. These compounds are essential for sheathing, jacketing, and insulating wires and cables in power, telecom, and railway sectors, as well

HPCL-Mittal Energy Ltd (HMEL), India's major oil refining and petrochemical company, achieved a record 2 million tonnes of polymer sales in the fiscal ended March 2025, surpassing expectations and reinforcing its position as an industry trailblazer. "This accomplishment is the result of HMEL's unwavering commitment to understanding customer needs and providing tailored solutions for niche applications across various polymer segments," the firm said in a statement. HMEL has undertaken a massive USD 3 billion expansion of petrochemical capacity, increasing its polypropylene capacity to 1 million tonnes a year, and adding a polyethylene capacity of 1.2 million tonnes per annum, catering to the major application segments. 2024-25 was the first full year of operations of the new plant featuring pioneering technologies from world-class licensors. HMEL is a joint venture between state-owned Hindustan Petroleum Corporation Limited (HPCL) and Mittal Energy Investment Pte Ltd, Singapore - pa

Pakistan's central bank will experiment with a new polymer plastic currency banknote later this year while redesigning all the existing banknotes for enhanced security and hologram features. State Bank of Pakistan Governor Jameel Ahmed told a Senate committee on banking and finance in Islamabad that all the existing paper currency notes are being redesigned with new security features by December this year. Ahmed said the newly redesigned banknotes in the denominations of Rs 10, 50, 100, 500, 1000 and 5000 would be issued in December. The old notes would remain in circulation for five years being eased out of the market by the central bank, a source close to the committee said. The State Bank governor also informed the Senate committee members that a new polymer plastic bank note would be issued in one denomination for the public and if it is received well, plastic currency would follow in other denominations. Presently around 40 countries use polymer plastic banknotes which are ha

According to the All India Plastics Manufacturers' Association, the market size of plastics in India was Rs 3.5 lakh crore

The Advanced Light Source and Molecular Foundry are DOE Office of Science user facilities at Berkeley Lab

Lives hang by a thread as the so-called Chinese manjha spares neither man nor animal, flying high on kite fliers' competitive spirit and traders' pursuit of profit

So far, more than 50 Japanese companies, including Daikin, Nissin Brake, Mytex Polymer and Nippon Pipe, among others, have invested over Rs 6,000 crore in the zone.

Vikas Ecotech Ltd is looking to log Rs 360 crore revenue in the next financial year on the back of resumption of exports which were stalled due to Covid-19 pandemic, a top company official has said.

Motherson said it is scaling its capabilities to provide integrated solutions to the aerospace industry

Canadian researchers have developed an inexpensive, non-toxic coating for almost any fabric that decreases the infectivity of the virus that causes Covid-19 by up to 90 per cent

This will help DSM expand its product portfolio for solar PV market by including polymer sheets

The company has also files a patent application for masterbatch to produce speciality polyester yarn

This is the second acquisition of Wembly, led by Sunil and Jay Kumar, in the coatings market

The expansion is aimed at supplying materials for new advanced aircraft programs of companies such as Airbus, Boeing, etc

In this interview, Frank Lutz, CFO of Covestro, discusses the company's strategy to strengthen its presence in the country and present status of the polymer industry