Page 7 - Chemical Sector
In focus: Mangalam organics hits 52-week high, Gujarat Alkalies leaps 10%
Chemical stocks jumped after the government extended anti-dumping duty on imports of caustic soda from China and Korea till November 2020 to guard domestic manufacturers
 "In focus: Mangalam organics hits 52-week high, Gujarat Alkalies leaps 10%")
BASF India Q1 net loss widens to Rs 29.15 cr, revenue up at Rs 1,769.7 cr
Net revenue rose to Rs 1,769.7 crore in April-June quarter of fiscal year 2020-21 from Rs 1,613.7 crore in the corresponding quarter a year ago
 "BASF India Q1 net loss widens to Rs 29.15 cr, revenue up at Rs 1,769.7 cr")
Chemical stocks extend rally; GHCL, Phillips Carbon surge 29% in a week
Navin Fluorine International, Neogen Chemicals, and Ultramarine & Pigments hit their respective 52-week highs today
 "Chemical stocks extend rally; GHCL, Phillips Carbon surge 29% in a week")
8 dead, 50 injured as blast in boiler causes fire in Gujarat factory
As companies of methanol and xylene chemicals are located near the affected factory, authorities have shifted about 4,800 people from nearby Luvara and Lakhigam villages to safer places
 "8 dead, 50 injured as blast in boiler causes fire in Gujarat factory")
From SRF to Aarti, exporters better placed in speciality chemical segment
Given the essential nature of production, some plants are exempted from the lockdown
 "From SRF to Aarti, exporters better placed in speciality chemical segment")
Working capacity at 25% may be unviable as industry awaits end of lockdown
Auto component vendor Nippon Paint India said that at 25 per cent capacity, it will not even meet plant overhead costs, leave alone company overheads.
 "Working capacity at 25% may be unviable as industry awaits end of lockdown")
Govt's crucial move towards nursing 5 sectors back to health amid lockdown
These five sectors are textiles, chemicals, electronics, steel and pharmaceutical
 "Govt's crucial move towards nursing 5 sectors back to health amid lockdown")
RIL projects lift industrial investments to record high at Rs 17.9 trillion
Mukesh Ambani's 18 big-ticket chemical projects help domestic industrial investment rise by 15.4 trn in 2019
 "RIL projects lift industrial investments to record high at Rs 17.9 trillion")
Solvay picks up minority stake in Catasynth Speciality Chemicals
This will be the company's first investment in India in a joint venture
 "Solvay picks up minority stake in Catasynth Speciality Chemicals")
CRISIL SME Tracker: Chinese slump a godsend for SMEs in chemicals industry
In fiscal 2020, CRISIL Research expects domestic demand for specialty chemicals to remain robust, driven by key end-user industries
 "CRISIL SME Tracker: Chinese slump a godsend for SMEs in chemicals industry")
Chemical sector to grow 10% in a decade
Industry braces for long term sustainability for continued growth
 "Chemical sector to grow 10% in a decade")