News & Bulletin Updates

Apr 03, 2023: EIL bags six order

8Engineers India Ltd has received job orders for various assignments
 The company has secured six orders, including PMC services, detailed engineering work, and a study of revamp options, Other orders include an energy optimisation study for refineries and a capacity assessment of the natural gas pipeline network

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8An Indian nationalised bank has granted this acrylic fibre production company a new term loan of Rs. 108 Cr to establish a 150 KLPD grain-based ethanol plant, with the company financing the rest of the project cost from internal accruals

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8Laxmi Organic Industries Ltd has paid a sum to Welspun for the purchase of land and civil structures units in Gujarat
 This payment concludes the transaction between the two companies

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8This Indian chemical giant has announced an increase in the Anhydrous Aluminum Chloride capacity in Gujarat, from 60 KPD to 150 KPD (including 15 TPD debottlenecking in existing units)
 The company has already started operations of the additional capacity

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8The organisation for the prohibition of chemical weapons and Qatar’s national committee for the prohibition of weapons jointly organised a seminar on chemical weapons convention and chemical safety for Asian member states in Qatar. The seminar provided an opportunity to discuss chemical safety measures and share best practices among the participants.

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Get the latest company filings here to stay updated with what is happening.
 8Aether Industries Ltd
 8Aarti Industries
 8Steel Exchange India Ltd
 8Sathavahana Ispat Ltd
 Impex Ferro Tech Ltd

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8On March 31, 2023, the Argus global steel snapshot has introduced, providing up-to-date information on the global steel market

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8India's steel sector has received a significant boost from the PIL scheme, which has attracted 27 companies to produce speciality steel
 As a result, one more country has now become India's largest exporter of semi-finished steel, after Russia

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8A steelmaking joint venture between European and Asian companies has received a $5 bn loan from a Japanese financier group to increase the joint venture's steelmaking Gujrat plant’s capacity

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8According to experts, iron ore costs may fall considerably by the end of 2023 as a result of a change towards using more steel scrap instead of raw materials

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8An Indian company's wholly-owned subsidiary that produces telemetric equipment is merging with another company's material subsidiary that specialises in manufacturing

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8A state-owned steelmaker in India, Rashtriya Ispat Nigam (RINL), is seeking to procure coking coal through two import tenders
 The tenders will be based on a combination of two indexes

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8The global structural steel market is growing due to increased construction activities in the residential and commercial sectors
This report provided a detailed analysis of the market based on segments like applications and regions and forecasts for 2023-2028

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8Here are a bunch of companies that maintained their debts to get their rates right
 8Oswal Woollen Mills Ltd
 8S.K.T.Textile Mills
 8Champion Commercial Company Ltd
 8Deepak Phenolics Ltd
 8Deepak Nitrite Ltd
 8Maithan Alloys Ltd
 8Baba Ispat (P) Ltd
 8The Indian Steel & Wire Products Ltd
 8Berry Alloys Ltd
 8Minera Steel and Power Pvt Ltd
 8Royal Touch Fablon Pvt Ltd

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8DIPAM missed the disinvestment target and exceeded dividend expectations in FY2022-23
 Various disinvestments were carried out, but the government earned less than expected
 Privatization of a steel PSU was successful but yielded no proceeds

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8The main objective of the global twisted bars market in this report for 2023-2032 is to provide a detailed quantitative analysis of the market, with a particular focus on identifying the expected highest CAGR industries over the next seven years

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8This Indian company in the technology for speciality alloys is in discussions with lenders for debt restructuring to reclassify accounts from NPA status and plans to convert a portion of cash credit limit to a term loan
 Necessary disclosures will be provided during the implementation of the CDR scheme

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8Chandra Asri is Indonesia's premier petrochemical producer with an integrated plant incorporating world-class, state-of-the-art technology and supporting facilities
Find out more about how the company is performing and its financial position

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8Two designated officials have tendered their resignations and are no longer part of the board of directors of this company

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8LG Chem is constructing a pyrolysis facility in South Korea, which will use plastic waste as feedstock for chemical recycling and will be LG Chem's newest investment in chemical recycling

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8The plastics crisis has led to the discovery of micro- and nano-plastics, which have been found in various environmental compartments and species, including humans
 Despite being invisible, their impact is significant and needs urgent attention

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According to sources in the petrochemical industry, Acrylic acid prices in the Mumbai market have decreased today due to weak demand.

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According to petrochemical sources in Mumbai, Epoxy resin expenditures have risen

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In the Delhi market today, Carbon Black grade N660 prices were graded lower.

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According to Petrochem sources, Platinum prices in the Mumbai market have fallen.

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