Polymers

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

Polymer recycler and trader Green India Polymers has entered into a collaboration with Canada-based Meridian Polycorp Ltd (Meridian) for the supply of PET flakes worth USD 40 million (around Rs 347 crore) over three years. Under the partnership, the Indian PET and HDPE recycler will export 40,000 MT of PET flakes worth USD 40 million sourced primarily from underdeveloped regions, Green India Polymers said in a statement on Friday. The partnership is aimed at incentivising waste collection, and combating poverty while ensuring compliance and delivering high-quality recycled products to brand owners worldwide, it added. Meridian will serve as the exclusive global distributor of GIP's recycled PET flakes. With an annual recycling capacity of 8,000 MT, GIP has successfully exported over 40,000 MT of recycled PET flakes to major markets, including the United States, Mexico, Germany, Morocco, and Malaysia. Amit Mani, Founder & MD of Green India Polymers said, By combining our ...

In the past 13 trading days, Styrenix Performance surged 39% after the promoter Shiva Performance Materials sold 2.9 million shares representing 16.49% stake on June 27, by way of market sale.

Polymers in microplastics may pose a risk to the Indo-Gangetic plain, a study on rivers Ganga and Yamuna by the Goa-based CSIR-National Institute of Oceanography has concluded. The study titled A comprehensive assessment of macro and microplastics from Rivers Ganga and Yamuna: Unveiling the seasonal, spatial and risk factors', has been published in the Journal of Hazardous Materials'. The researchers behind the study have said that their findings could serve as a starting point for the action plan required by municipal corporations to tackle plastic pollution and target the possible sources. As per the study, conducted by a team led by Dr Mahua Saha, Principal Scientist, CSIR-National Institute of Oceanography (CSIR-NIO), microplastics were detected in Ganga from Haridwar to Patna, with the concentration of the pollutant being higher during the wet (rainy) season than the dry season. The high-hazard polymers in microplastics may pose a risk to the Indo-Gangetic plain, it ...

Supreme Industries Ltd has posted around three-fold jump in its profit after tax at Rs 243.19 crore in the quarter ended September 2023, pushed by higher income. It had clocked a profit after tax (PAT) of Rs 82.02 crore in the July-September period of the preceding 2022-23 fiscal, the company said in a regulatory filing. The company's total income rose to Rs 2,321.38 crore from Rs 2,092.12 in the year ago quarter. Its expenses were at Rs 2,025.93 crore as against Rs 2,005.52 crore in the same period in the last financial year. The board of directors has declared an interim dividend of Rs 8 per share of face value of Rs 2 each for the financial year 2023-24. Supreme Industries Managing Director M P Taparia said: "Polymer prices remained range-bound during the quarter but witnessed a sharp downward trend during 1st fortnight of October, affecting business sentiments. Now the prices have started stabilising and business activities have started picking up." The company has acquired t

Shares of Sah Polymers on Thursday ended with a premium of over 37 per cent on the stock exchanges against the issue price of Rs 65. The stock made its debut at Rs 85, reflecting a jump of 30.76 per cent from the issue price on the BSE. Later, it rallied 37.30 per cent to settle at Rs 89.25 apiece. On the NSE, the shares began the trade at Rs 85 and finally ended at Rs 89.25 each. In volume terms, 4.16 lakh shares of the firm were traded on the BSE and 41.82 lakh shares on the NSE during the day. The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel. Meanwhile, in the broader market, the 30-share BSE benchmark ended 147.47 points or 0.25 per cent lower at 59,958.03. The initial public offer of Sah Polymers was subscribed 17.46 times last week. The initial share-sale had a price range for

The consumption of composite materials in India is expected to witness a sharp uptick and touch 7.68 lakh tonne (LT) by 2027, led by demand from sectors like renewable energy, electric vehicles, defence, among others, according to a report. Composite materials or fibre-reinforced plastics help in circular economy as these are manufactured by combining multiple materials with different properties. Examples of composite materials are polymer matrix, metal matrix, ceramic matrix composites and carbon matrix etc. "The Indian composites material industry is taking the consumption from 5,11,900 tonnes of composites materials in 2021 to 7,68,200 tonnes in 2027," FRP Institute said in its latest research. The composites materials market is also expected to grow at a CAGR of 6.9 per cent over the next five years to reach USD 2.01-billion in 2027 from USD 1.26 billion last year, the Chennai-based body said. The major growth drivers for the industry will be increasing demand from sectors lik

Since the quality control order 3 years ago, toy import down 70 per cent

In the din over the wildfire spread of cryptocurrency and in its eagerness to introduce the central bank digital currency, a question mark hangs over India's plan for polymer notes

The company's total revenue during the quarter under review rose 36.28 per cent to Rs 339.62 crore

Primary polymer producers have raised their product prices by Rs 1,000 of various grades in tune with the movement in crude oil prices.

Global composite adhesives market to reach $ 1.78 billion by 2022, says MarketsandMarkets report

The company recently opened a new bicomponent fibre plant in Rayong (Thailand)

Efficient insulation through the use of polyurethane materials can drastically reduce spoilage of perishable foods like fruits, vegetables, etc in India, says Ajay Durrani