Page 4 - Chemicals
Location-tracking device must for vehicles carrying hazardous goods
The Ministry of Road Transport and Highways (MoRTH) on Monday made it mandatory for goods vehicles, manufactured on or after September 1, used for carrying dangerous or hazardous materials to be fitted with location tracking device. The ministry in a notification said it has been brought to the notice that vehicles, which are not under the ambit of national permit, carrying various gases viz. argon, nitrogen, oxygen etc. and goods of dangerous or hazardous nature, are not fitted with Vehicle Location Tracking Devices. "Accordingly, the ministry, has mandated that every vehicle of categories N2 and N3, manufactured on and after the 1st day of September, 2022, in the case of new models, and 1st day of January, 2023, in the case of existing models, carrying dangerous or hazardous goods, shall be fitted with a vehicle tracking system device as per Automotive Industry Standard (AIS) 140," it said. Category N2 vehicle means motor vehicles used for carriage of goods and having a gross ...
 "Location-tracking device must for vehicles carrying hazardous goods")
India may not need to import urea after 2025, says Mansukh Mandaviya
This is owing to rising domestic production, nano supplies
 "India may not need to import urea after 2025, says Mansukh Mandaviya")
'Markets have not hit the bottom yet; select banks, autos attractive'
Direct impact of rising interest rates might already be discounted by the markets, but secondary impact is not yet fully priced in, says Varun Lohchab, head of institutional research, HDFC Securities
 "'Markets have not hit the bottom yet; select banks, autos attractive'")
Chemical MSMEs to log robust growth, margins stressed: CRISIL SME Tracker
MSMEs' double-digit revenue growth will be powered by improved price realisation
 "Chemical MSMEs to log robust growth, margins stressed: CRISIL SME Tracker")
Chemicals manufacturer Dorf Ketal to acquire Khyati Chemicals
According to sources in the chemicals industry, the deal could be worth anywhere between Rs 300 to Rs 400 crore
 "Chemicals manufacturer Dorf Ketal to acquire Khyati Chemicals")
Archean Chemical Industries files paperwork with Sebi to launch IPO
Archean is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world
 "Archean Chemical Industries files paperwork with Sebi to launch IPO")
FM Sitharaman proposes cut in customs duties on certain chemicals
She also announced a reduction in customs duty on cut and polished diamond, gemstones to 5 per cent
 "FM Sitharaman proposes cut in customs duties on certain chemicals")
3 killed, 10 injured in blast, fire at chemical plant in Gujarat
'Search is on for survivors and injured persons in the plant. The fire is under control'
 "3 killed, 10 injured in blast, fire at chemical plant in Gujarat")
Investors push world's top chemicals companies over hazardous substances
Investors managing $4.1 trillion in assets are urging the world's biggest chemicals companies to phase out production of hazardous substances
Abu Dhabi chemical company, Reliance Industries form $2-bn production JV
The new joint venture will construct and operate a chlor-alkali, ethylene dichloride and polyvinyl chloride production facility
 "Abu Dhabi chemical company, Reliance Industries form $2-bn production JV")
Nations vote 85-10 for ban on developing Aerosol nerve agents: US
A global prohibition on chemical weapons to tools for law enforcement won the approval of the Organization for the Prohibition of Chemical Weapons on an 85-10 vote, the US State Department said
Exports increase 40.5% to $15.13 billion during October 1-14
Imports during the period grew by 60.72 per cent to USD 14.82 billion, the data showed.
 "Exports increase 40.5% to $15.13 billion during October 1-14")
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
Scientists develop sensor to detect chemicals used in high-energy explosive
Indian scientists have for the first time developed a thermally stable and cost-effective electronic polymer-based sensor for rapidly detecting nitro-aromatic chemicals used in high-energy explosives
Chemplast Sanmar IPO: Should you bet on a company with negative net worth?
Chemplast Sanmar IPO: Sustainability of financial performance and strong cash flow would be the key catalyst for valuation re-rating, say analysts
Massive fire breaks out at a chemical factory in Udhampur; IAF called in
It took the Indian Air Force more than two hours to help douse the fire
 "Massive fire breaks out at a chemical factory in Udhampur; IAF called in")
Additional 45,000 vials of tocilizumab allocated to states: Gowda
Union Minister Sadananda Gowda on Tuesday said additional 45,000 vials of tocilizumab, used for treatment of Covid-19, have been allocated to states and union territories to meet the increased demand.
 "Additional 45,000 vials of tocilizumab allocated to states: Gowda")
Units in chemicals sector set for rebound in revenue: CRISIL SME Tracker
Growth mainly on account of recovery in domestic demand and higher realisation due to a rise in the prices of chemicals
 "Units in chemicals sector set for rebound in revenue: CRISIL SME Tracker")
Capacity expansion, new launches to drive growth for Rallis India
While revenue growth was robust in Q4, weak mix, costs dented profits
 "Capacity expansion, new launches to drive growth for Rallis India")
Higher chemical prices, ongoing expansion and demand to support SRF stock
While medium term prospects remain strong, the upsides after recent rally are limited
 "Higher chemical prices, ongoing expansion and demand to support SRF stock")