Page 4 - Chemical Industry

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

Canada imposes fresh sanctions on Russia's oil, gas, chemical industries

Canadian Foreign Affairs Minister Melanie Joly has announced that Canada is imposing new sanctions on Russian oil, gas and chemical industries

Chemplast Sanmar Q4 consolidated net profit dips 36% to Rs 232 crore

The company's total income saw a 35 per cent increase to Rs 1,816 crore during the quarter under review, as against Rs 1,350 crore in the fourth quarter of 2020-21

Russian army could target chemical industries: Ukrainian military

The Ukrainian military is warning that Russia could target the country's chemical industries.

Six killed in factory blast in Bharuch; PM announces Rs 2 lakh ex-gratia

The six victims were working near a reactor, which suddenly blew off during solvent distillation process

Gujarat's dyes, intermediates units look to work around input cost hike

They plan to shorten contract cycles, hedge as rupee declines vs dollar; industry's exports stands at $18 bn a year, of which Gujarat's share is almost 80%

Ministry mulling PLI scheme for chemical sector: Mansukh Mandaviya

Chemicals and Fertilisers Minister Mansukh Mandaviya said the ministry is planning to bring production linked incentive (PLI) scheme for the chemical sector to boost domestic production and exports

China power woes structurally positive for India chemical players: Analysts

China's power crisis: Analysts say the development could impact chemical output by as much as 25 per cent in the country, which in turn could benefit Indian speciality chemical makers

Govt amends ammonium nitrate rules; introduces fire-fighting provisions

The government has amended the rules for ammonium nitrate to curb its pilferage, introduce fire-fighting provisions as well as improve ways to handle and store the chemical

Tatva Chintan Pharma IPO is second-most subscribed this year at 180 times

Is second only to MTAR Tech; Tatva's 3.26-million share offering garnered bids for 588 million shares, generating demand worth Rs 63,713 crore

Govt may liberalise policy to promote alternative fertilisers: Mandaviya

The government is planning to liberalise the Market Development Assistance (MDA) policy to promote the use of alternative fertilizers, Fertiliser Minister Mansukh Mandaviya said.

Chemicals maker Laxmi Organic IPO subscribed 2.28 times on Day 1

The firm is in the speciality chemicals space

Ahead of IPO, Anupam Rasayan raises Rs 225 cr from anchor investors

Speciality chemical company Anupam Rasayan on Wednesday raised Rs 225 crore from anchor investors, ahead of its initial share-sale, which will open for public subscription on Friday.

Heranba Industries IPO subscribed 83 times on strong HNI support

Price band was set at Rs 626-627 per share; issue comprises Rs 60 cr of fresh fundraise, Rs 565 cr offer for sale

Street bullish on specialty chemicals industry amid robust domestic demand

Robust domestic demand, reducing dependence of global peers on China drive earnings outlook

Balaji Amnies, Alkyl Amines: Specialty chemical stocks have more steam left

Major specialty chemical stocks exhibit strong strength on good volumes. Here are the key levels for frontline stocks from this sector.

Govt tightens import norms of 18 chemicals which can affect environment

The Directorate added that importers of the certain chemicals have to submit a copy of the bill of entry within 30 days to the ozone cell in the Ministry of Environment, Forest and Climate Change

Rossari Biotech IPO subscribed 79.4 times, generates bids worth Rs 27K cr

Rossari is the first IPO to hit the domestic markets since a national lockdown was declared in early-March.

Rossari Biotech receives three times the demand of shares on offer in IPO

On Tuesday, the IPO garnered bids for 24.3 million shares as against 8.17 million available

Vizag gas tragedy: LG Chem dispatches technical team for investigation

Visakhapatnam gas tragedy killed at least 11 people and forced the evacuation of thousands from the area around the accident site.