Page 167 - B2B Connect

Alstom T&D bags Power Grid's Rs 226 cr contract to supply gas-insulated substations

Gas-insulated substation is gaining popularity as the preferred technology in India as the footprint of a typical GIS is generally 10 times smaller than an air-insulated substation

Israel's Frutarom buys 60% stake in flavours and fragrances firm Sonarome

Frutarom, which paid $17.2 mn for buying stake in the Bangalore-based company, aims to expand its presence in the growing markets of India and Africa through this deal

US-based Praxair inks pact to supply oxygen for Gerdau's steel plant in AP

Brazilian metal producer Gerdau operates a steel facility in Tadipatri (Andhra Pradesh) having an installed capacity to produce 300,000 tonnes of special steel per year

Lupin forays into Brazil by buying Medquimica

The acquisition is expected to shore up Lupin's position in the Latin American pharmaceuticals market

Albemarle's arm Chemetall buys aluminium finishing business of Chemal GmbH

With this transaction, Chemetall enhances its integrated portfolio for the aluminium finishing industry

Cabinet approvals New Urea Policy 2015

The policy envisions a direct saving of subsidy of around Rs 2618 crore and indirect saving of Rs 2211 crore (total savings will be Rs 4829 crore)

SRF to set up specialty chemicals plant in Dahej

The company has reported 86% increase in consolidated net profit after tax (PAT) at Rs 303 crore for the fiscal ended March 31, 2015

Chembond Chemicals to form JV with Germany's Calvatis

Calvatis, which produces and distributes detergents and disinfectants, is considered to be one of the leading global players in the field of hygiene management systems

Airgas acquires industrial gas distributor Valley Air Supply

Valley Air Supply marks Airgas' third acquisition since the beginning of the company's 2016 fiscal year on April 1, 2015

Arab Potash inks supply pact with Indian Potash & Zuari Agro

As per the sales contracts, estimated at $ 170-190 million, Arab Potash will supply 275,000 MT and 230,000 MT of potash to Indian Potash and Zuari Agro respectively

Kansai Nerolac Paints plans to set up manufacturing plant in Gujarat

The company will invest Rs 350 crore in the paint plant, which will have capacity of 42000 metric tonne per annum

Sadara inks supply pact with a Halliburton-TAQA JV for EO & PO

As per the agreement, Sadara will supply ethylene oxide (EO) and propylene oxide (PO) to the new ECSC facility in PlasChem Park located for 20 years

BASF launches Lumina Royal effect pigments for plastics industry

In addition to effect pigment Lumina Royal Blue, which was launched for plastics applications in 2010, pigments Aqua, Indigo, Magenta and Copper will also be available to plastics industry

Corbion signs pact for supply of bioplastics polylactic acid

In order to further accelerate market acceptance of PLA, Corbion has already begun to test, validate and sell pre-marketing volumes of PLA

Unitech International ventures into monomer production

The scrap recycling company will set up a monomer manufacturing plant, having an annual capacity of 12,000 metric tonne in Maharahstra

BASF buy IP for high molecular weight polyisobutene from Lanxess

With this, Lanxess will exclusively manufacture the new HM PIB for BASF in existing assets under a long term toll manufacturing agreement

PESO grants permission to Indian Oil to set up hydrogen plant

PESO has issued a licence for dispensing of hydrogen-CNG blend as fuel to IOCL at its R&D Centre in Faridabad, Haryana for demonstration purpose

Canada's Canpotex inks pact with Indian customers to supply potash

The company will supply 1.3 mn tonnes of potash at price of $ 332.00 MT CFR

Hero MotoCorp to set up subsidiary in US

The Board has approved the initial investment of up to Rs 35 crores for setting up the new subsidiary, which will market two-wheelers in the US

Torrent acquires dermatological product maker Zyg Pharma

The acquisition will help Torrent to strengthen its position in niche dermatological segment especially in the developed markets like US and Europe