News & Bulletin Updates

For some reason or other, the domestic pipe manufacturing lobby carries a lot of clout with the government
8The fact that India has banned ‘cheap’ imports of 11 types of pipes till September 30, 2021, in an attempt to boost the business of Indian pipe manufacturing companies, is evidence enough
8But tit for tat bans from countries that are adversely impacted might hurt export sales 
8Here is one company that stands to gain a lot

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Adani Total Gas Ltd has commenced work in 14 new geographical areas
8The company plans to spend around Rs 6000 crore over the next five years
8The company added 102 CNG stations (90 stations in new GAs) in FY21 while volume mix of new GAs increased to 10% in FY21 from 4% in FY20
8ATGL’s plan to develop an integrated CGD model and auto fuel retailing under the JV Total Adani Fuels Marketing

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McDermott is using a "matchmaking" model in some countries to attract customers
8It has tied up with a technology supplier to do so
8Is that model workable in India

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Phosphoric Acid Expansion Project
8Cost - Rs 1100 crore
8Project Event: The procurement work is ongoing. The construction has been started in February 2020. Now the construction is ongoing on full fledge, Labour and other services are available as per requirement. 68 % of civil work has been completed, the erection of different equipment is ongoing. The Company has been selected Jacob as the EPCM contractor, The commissioning has been extended from March 2021 to October 2021.
Ammonia/Nitric Acid/SOP Greenfield Project
8Cost - Rs 200 crore
8Project Event: The proposal for the term of reference has been granted, and the final EIA report preparation is still ongoing, the proposal for environmental clearance is likely to be submitted at the end of July 2021. RFQ for the local contractor is likely to be released in August 2021.

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A producer from Saudi Arabia is heard to have offered its HDPE and LLDPE in India.

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A Saudi Arabian producer is heard to have announced its offer for PP in India.

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A producer from Singapore, TPSC Asia Pte. Ltd., is heard to have offered its GPPS in India.

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Jun 30, 2021: NFL: New CMD selected

8New CMD selected for NFL from among three very eligible candidates

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8What has really been the impact of the second wave of COVID-19 on India?
8Even for the fertilizer sector, it is necessary to know the economic impact of this deadly virus

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On June 30, 2021, N-butanol prices were assessed lower in Kolkata.

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Sulphuric acid prices have moved higher in the Delhi chemical market.

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Low VAM prices were reported in Chennai today.

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A fall in ethylene dichloride prices in the imported market of Ahmedabad was noticed on June 30, 2021.

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Domestic market sources reported a fall in Mumbai’s caustic soda flakes prices today.

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On June 30, 2021 Petrochem sources reported a fall in ABS (HI121H) IM prices in the Delhi market

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ABS (MIF45) prices were assessed lower in the Delhi market today

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POM (imported) prices have registered a fall in the Delhi polymer market

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Acrylic (imported) prices have drifted down in the Delhi market

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On June 30, 2021 the Delhi polymer market saw a rise in Polyamide 6 (M28RC) prices

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On June 30, 2021 MEG prices moved higher in the Mumbai chemical market.

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The Ahmedabad market saw a huge fall in ABS (HI121H) IM prices today

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HCL announces a revision in phenol prices.

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A revision in sulphur prices has been announced by IOCL.

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On June 30, 2021 the Ahmedabad polymer market saw a rise in imported polyurethane prices

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A revision in MDC prices has been announced by GACL.

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