Chemical

Aether Industries Q2 results: Profit rises 55% to ₹53.95 cr, revenue up 38%

Speciality chemicals manufacturer Aether Industries on Thursday reported 55.07 per cent growth in consolidated profit after tax at Rs 53.95 crores during the September quarter. The company's PAT stood at Rs 34.79 crores in the year-ago period, Aether Industries said in a regulatory filing. Revenue from operations of the company grew 38.44 per cent to Rs Rs 275.1 crore during the quarter under review compared to Rs 198.79 crore in the same period of the previous year. "The growth in the first half of 2025-26 has laid the foundation for a solid second half for FY26. We continue to invest in process innovation, customer partnerships, and capacity ramp-up, supported by a disciplined financial approach," Aether Industries Co-Founder and Director Rohan Desai said.

Search continues as 6 remain missing after blast at Chinese chemical plant

Six people remained missing and search and rescue efforts continued on Wednesday morning after an explosion at a chemical plant in eastern China shook nearby buildings, killing at least five people and injuring 19. The blast on Tuesday, occurring in an industrial park in the city of Weifang, in Shandong province, knocked out windows at nearby buildings and spewed a thick plume of white smoke, according to videos shared on social media. It was not immediately clear what had caused the explosion, which occurred at a plant owned by Gaomi Youdao Chemical Co., a producer of pesticides and chemicals for medical use with more than 500 employees, according to corporate registration records. Local fire officials sent more than 230 personnel to the scene, according to state broadcaster CCTV. A student at a school about one kilometer away from the plant told state-run news site The Paper that he heard an explosion and saw dirt-yellow smoke, tainted with redness, rising from the plant. He sai

CRISIL SME Tracker: Global uncertainties to hit chemical manufacturers

MSMEs, which account for 25-30 per cent of the industry revenue, are expected to see growth moderate to 4-6 per cent in FY26 compared with 5-7 per cent last financial year

Akums announces new facility for lyophilized, sterile dosage manufacturing

Lyophilisation is the process of extracting water from drug particles at freezing temperatures, maintaining the drug's value and preserving the stability

Market outlook 2025: IT, chemicals, banks among top sectors to invest

Experts suggest investors should expect moderate returns as the market adjusts to global macroeconomic challenges

House panel on chemicals and fertilisers on 4-day visit to Andaman

A team of the Parliamentary Standing Committee on Chemicals and Fertilisers arrived here on Tuesday on a four-day visit to Andaman and Nicobar Islands, officials said. The team is headed by Lok Sabha MP CN Annadurai and comprises Arun Kumar Sagar, Sanjeev Kumar Singari, Indra Hang Subba, GC Chandrashekhar, and Vijay Pal Singh Tomar, among others. After their arrival, the team members visited the National Memorial Cellular Jail and paid tributes to freedom fighters. Later, they went to Swaraj Dweep (formerly Havelock Island) and held discussions with representatives of the Department of Chemicals and Petrochemicals on the safe usage of insecticides and pesticides in the archipelago. On Wednesday, the panel members will hold meetings with officials of the Department of Fertilisers, Madras Fertiliser Limited (MFL) and Fertilisers and Chemicals Travancore Limited (FACT) on the availability and distribution of fertilisers in the Union territory. They will also hold discussions with ...

Deepak Nitrite's net profit declines by 36% to Rs 150 crore in June quarter

Chemical manufacturing company Deepak Nitrite on Thursday reported a 36.1 per cent decline in consolidated net profit at Rs 149.9 crore for the June quarter. The company's net profit stood at Rs 234.62 crore during the corresponding period of the previous fiscal, Deepak Nitrite said in a regulatory filing. Revenue from operations fell 14.07 per cent in the first quarter of this fiscal to Rs 1,768.34 crore compared to Rs 2,057.99 crore in the same period a year ago. On June 2, 2022, the company had said that an incident of fire occurred at one of its manufacturing sites at Nandesari, Gujarat. Property, equipment, and inventory worth crores of rupees were damaged and business was hit, resulting in overall damage of Rs 47.20 crore. The company received part payment from insurance companies towards claim against loss of assets and inventories aggregating Rs 27.09 crore, which has been adjusted against the claims, as per the filing. Out of the Rs 27.09 crore, Rs 11.23 crore was receiv

India's core sector output rises to five-month high of 8.2% in June: Govt

The government revised the final growth rate of the index of eight core industries for March 2023 to 4.2%

India's chemical demand likely to jump to $1,000 billion by 2040: Report

India is likely to account for more than a fifth of incremental global consumption for chemicals over the next two decades as domestic demand is projected to rise to USD 1,000 billion by 2040, McKinsey said in a report. In the report titled 'India: The next chemicals manufacturing hub', McKinsey said the country's chemical industry has been a global outperformer in demand growth and shareholder wealth creation over the last decade. "It now stands poised to play an increasingly dominant role across both consumption and manufacturing in the global arena," it said. The sector is projected to grow at 11-12 per cent during 2021-27 and 7-10 per cent during 2027-40 -- tripling its global market share by 2040. "India is expected to account for more than 20 per cent of incremental global consumption for chemicals over the next two decades. Domestic consumption and demand is expected to rise from USD 170-180 billion in 2021 to USD 850-1000 billion by 2040," it said. Chemicals find wide usag

Robust demand trends in chemicals biz, expansions positive for SRF stock

Company has increased capex for the business to tap into new opportunities

Input cost hike, freight rates drag chemical MSMEs in Gujarat to 50% output

Of the 11,000-odd units in the state, which account for nearly 40 per cent of India's chemical output, almost a third have turned sick

BASF, partners put $4 bn India chemical complex on hold due to COVID-19

BASF in April scaled back its investment budget as the coronavirus crisis hit automakers, the chemicals giant's biggest customers.

Centre moves to limit use of controversial herbicide glyphosate

Industry terms the move detrimental to India's food security; activists say 'useless'

Reliance opens research centre for polymer applications at Vadodara

The centre will offer services to not just to RIL's polymer business, but also for its customers

Nuberg bags EPC contract for caustic soda plant project in Egypt

Egyptian Petrochemicals has awarded the contact to the company to set up the 228-TPD plant

L&T to partner Institute of Chemical Technology for 2G ethanol plants

LTHE & ICT to provide complete solutions in setting up 2G ethanol plants, based on ICT technology

AkzoNobel unveils new strategy to accelerate growth

Plans separation of specialty chemicals business within 12 months & investment €1 bn in R&D by 2020

ExxonMobil plans $20 bn investment to expand manufacturing in US

It will make investment, spread over 10-year, in major chemical, refining, lubricant & LNG projects

Auto, construction sectors to drive Asia-Pacific coating resins market

Growing focus on innovations to create opportunities in Indian coating resin market, says TMR report

Camlin Fine Sciences to buy 51% stake in Chinese chemical firm

Ningbo Wanglong supplies flavour and fragrance products (vanillin) to food manufacturers globally