Petrochemicals Industry

Sanmar Group inks long-term feedstock supply pacts with UAE's TA'ZIZ

Under the long-term supply arrangements, TA'ZIZ will provide The Sanmar Group with over 350,000 tonnes per annum of petrochemical feedstocks

Supreme Petrochem slips over 2% on weak Q1 results; profit tanks 34% YoY

Supreme Petrochem share price dropped on reporting a weak set of June quarter of financial year 2026 (Q1FY26) results.

ONGC to partner with Mitsui OSK Lines to build two ships to import ethane

The Very Large Ethane Carriers to be built under the deal will supply ethane feedstock exclusively to ONGC Petro Additions Ltd for its petrochemical factory at Dahej

Manali Petrochemicals Q4 result: PAT doubles to ₹10.8 cr, income at ₹921 cr

Manali Petrochemicals Ltd has reported a consolidated profit after tax of Rs 10.81 crore for the January-March 2025 quarter, the company said on Wednesday. The city-based company, part of the AM International, Singapore had registered a profit after tax of Rs 5.27 crore during the corresponding quarter of last financial year. For the year ending March 31, 2025 the profit after tax stood at Rs 29.31 crore, the petrochemical manufacturing company said in a statement here. The consolidated total income during the quarter under review surged to Rs 238.34 crore, from Rs 200.49 crore registered in the same period of last financial year. For the full year ending March 31, 2025 the total income was at Rs 921.63 crore, the company said. Commenting on the financial performance, Manali Petrochemicals Ltd Chairman Ashwin Muthiah said, "FY25 closed on a strong note for MPL, with Q4 results reflecting both growth and profitability. Despite global headwinds and ongoing pricing pressure from import

Govt studying impact of US tariffs on chemicals, petrochemicals sector

The government is still assessing the impact of US tariffs on the country's chemicals and petrochemicals industry, a senior official said on Thursday. "We are still studying. We are in touch with the industry and trying to assess how it will impact our industry," Chemicals and Petrochemicals Secretary Nivedita Shukla Verma told PTI on the sidelines of a brainstorming session here. US President Donald Trump on April 9 reduced a planned 26 per cent reciprocal tariff to 10 per cent, just one week after announcing the higher rate on April 2. The government will determine measures after discussions with industry players, Verma added. According to industry data, chemicals constitute about 18 per cent of India's total exports to the US, with FY24 exports valued at around USD 5.7 billion. India Ratings and Research estimates the tariff hike could reduce chemical exports by USD 2-7 billion in FY26. Industry experts said the tariff increase substantially raises costs for Indian chemical ex

Despite global lags, India to remain bright spot for petchem demand in 2025

Global petrochemical margins are expected to stay depressed for a few more years amid weak demand from top petrochemical consumer China

Adani partners with Thailand's Indorama for petrochemical expansion

Billionaire Gautam Adani's group has teamed up with Thailand's Indorama Resources Ltd for a foray into the petrochemical business as the ports-to-energy conglomerate looks to expand in adjacencies. Adani Petrochemicals Ltd, a subsidiary of the group's flagship Adani Enterprises Ltd, "has completed the incorporation process of a joint venture company namely Valor Petrochemicals Ltd (VPL)... with Indorama Resources Ltd, Thailand," Adani Enterprises said in a stock exchange filing. Adani Petrochemicals and Indorama will hold 50 per cent stake each in the joint venture. "VPL is incorporated with the objective to set up a refinery, petrochemical and chemical business," it said. Adani Petrochemicals was incorporated to set up refineries, petrochemicals complexes, speciality chemicals units, hydrogen and related chemicals plants and other similar units in a phased manner. Group chairman Gautam Adani had in 2022 stated that the conglomerate is looking to invest more than USD 4 billion in

Raise import duty on petchem to protect domestic industry: Ficci asks govt

Fearing that countries like China may take advantage of low import duty to dump petrochemical products in India, a top trade body has sent an SOS to the government seeking hike in customs duty to protect the domestic industry and jobs. The Petrochemicals and Plastic Committee of the Federation of Indian Chambers of Commerce and Industry (FICCI) has written to Ministry of Chemicals and Fertilizers seeking hike in customs or import duty on polypropylene and polyethylene - vastly used in automobiles, packaging, agriculture, electronics and medical devices as well as in construction - from 7.5 per cent to 12.5 per cent. India is short on petrochemicals. Taking into account the capacity additions announced so far, the projected deficit of polypropylene and polyethylene is likely to reach 12 million tonne per annum or USD 12 billion at current price levels by 2030. While the domestic Indian producers are caught in the cyclical nature of the business, China is scaling up petrochemicals ...

Global oil volatility, geopolitical tensions drag RIL exports to 5-qtr low

RIL's exports are at a five-quarter low in value terms, and a 15-quarter low as share in O2C revenues

Eyeing $87 bn investment in petrochemicals sector over next decade: Puri

He said India's per capita petrochemical consumption is far below developed nations, which offers opportunities of higher investment in the sector

BPCL plans refining, petchem projects over 5-7 years to meet energy demand

India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4-5 per cent and 7-8 per cent in the 'foreseeable future'

Why state-run oil companies are spending billions on petchem capacity

Why state-run oil companies are spending billions on petchem capacity, amid oversupply and weak margins

IOCL to raise refining capacity by 25% by 2050: Shrikant Madhav Vaidya

IOCL to have $1 trillion turnover by 2047, supply 1/8th of India's energy needs

Adani Group to commission first phase of $4 bn petchem project by Dec 2026

The Adani Group will commission the first phase of a USD 4 billion PVC project by December 2026, making its foray into the petrochemicals sector that is marked by a mismatch between domestic demand and supply, sources said. Polyvinyl chloride (PVC) - the third-most common synthetic plastic polymer made worldwide - is used to make products such as raincoats, shower curtains, window frames, pipes for indoor plumbing, medical equipment, wire & cable insulation, bottles, credit cards, and flooring. India's annual PVC demand is roughly 4 million tonne but domestic production capacity is only about 1.5 million tonne, resulting in a supply-demand mismatch. With this disparity between domestic output and consumption expected to widen with an increase in consumption, Adani Group is looking to tap into the sector. Adani Enterprises, the group's flagship firm, is setting up a petrochemical cluster in Mundra in Gujarat. Within this cluster, it aims to set up a PVC plant with a capacity of 2 ..

Loss-making ONGC JV may get package to turn profitable in 2 years

Equity infusion, capital revamp of petrochemicals producer on cards

Deepak Fertilisers Q4 results: Net profit down 16% to Rs 215 crore

Deepak Fertilisers and Petrochemicals Corporation Ltd has posted 16 per cent decline in consolidated net profit to Rs 214.79 crore for the quarter ended March 2024. Its net profit stood at Rs 254.88 crore in the year-ago period. Total income fell to Rs 2,158.56 crore in the quarter from Rs 2,810.73 crore in the year-ago period, according to a regulatory filing on Wednesday. During 2023-24, the company's net profit declined to Rs 442.51 crore from Rs 1,210.10 crore in the preceding year. Total income fell to Rs 8,798.85 crore from Rs 11,384.71 crore.

Gail to invest Rs 50,000 crore in petrochemical unit in Madhya Pradesh

The new ethane cracking unit aims to meet the domestic demand for petrochemicals, which is projected to nearly triple to $1 trillion by 2040

Minimising dependence on imports part of our strategy: A M Int'l chief

Chemicals and fertilisers manufacturing company will expand domestic capacity and may look for tie-ups, says Ashwin Muthiah

Duty concessions on petrochemical products key in India-Oman FTA talks

Customs duty concession demand on petrochemical products such as polypropylene and polyethylene, used primarily in the plastics industry, may act as a sticking point in the early conclusion of talks for the proposed free-trade agreement (FTA) between India and Oman, according to an official. Negotiations for the pact, officially dubbed the Comprehensive Economic Partnership Agreement (CEPA), are in the last phase. Certain domestic players from both public and private sectors are opposing duty concessions on these products under the agreement. They are claiming that Oman provides huge subsidies to its industry on raw materials for the production of these petrochemical products. According to them, if India would give duty concessions on these already subsidised products, it would be a double advantage for Omani firms. The government official said that they are holding talks with domestic players on the issue. Officials of the two countries concluded the second round of talks for th

Gail stock sees upward growth, owing to upcoming tariff hikes, new projects

Potential risks include volatile gas prices. Also as of now, petrochemicals spreads are still falling. But the stock, which hit a record high of Rs 164.25 in intra-day trade on Friday