8South Korean petrochemical producer YNCC decided to extend a turnaround at its Yeosu-based No.3 cracker to at least the end of December because of persistently weak production margins and demand, according to
market participants

8There is a big textile conference coming up
8Find out the details

8Piyush Goyal held a third interactive meeting with the Textile Advisory Group in New Delhi to review initiatives for cotton value chain
8A host of initiatives was taken

Usha Martin Ltd, a leading producer of specialty steel and one of the largest wire rope manufacturers globally, has posed a smart increase in profits
8What explains it?

Phil Ispat Pvt Ltd is engaged in manufacturing sponge iron (120,000 MT), MS billets (57,600 MT) and TMT bars (54,000 MT) along with waste heat recovery based captive power plant of 5MW.
8An the company has managed a good rating, so clearly the going is good

8Maintenance of a steel plant requires some experienced personnel
8Here is where you can apply

8China’s steel production continues to show a modest decline despite steelmakers facing poor profit margins, on the back of new pig iron and crude steel capacity launched in recent months, while a lack of any large-scale output cuts is failing to add pressure on production

KIC Metaliks Ltd has a modest scale of operation
8But it managed to keep its bottom line from being eroded

8Why is RD T.M.T Steels (India) Pvt Ltd refusing to cooperate with its rating agency?
8And so does Shanti Gopal Concast Ltd

8Indian demand remains a bright spot in major steel markets as domestic consumption is seen growing at a "high single digit" rate over the next 12-15 months

8Michelin has posted better performance in the first nine months of the year

8A tyre company ties with an Israeli mobility incubator

8The Rubber Board promoted electronic market has notched up some decent rubber sales

8Rubber Research Institute of India will conduct field trials of GM rubber in the North East

8Get an update on Apar Industries Ltd, which has reported a Q2 upswing of 42.6% YoY revenue growth through its premium products

Chemfab Alkalis Ltd has a caustic soda plant in Pondicherry with a capacity of 155 TPD caustic soda plant and a 6000 MTPA  PVC-O-Pipes Plant in Sricity (Andhra Pradesh).
8What is produced is chlorine, hydrogen, sodium hypochlorite, and hydrochloric acid as by-products from the manufacture of caustic soda.
8And the company seems to be doing very well indeed

RIL has reduced its domestic PVC prices.

8The Russian gas supply deal struck off, and GAIL has lost around 9 mmscmd of gas
8Which sector is facing the most music?

What is up with Chemie Tech?
8Its biggest tankage deal seems to be running into trouble?

Public sector tenders are normally meant to be cut and dry.
8But tender committees still have a lot of flexibility. Here is an Oil India Ltd tender, where the line between rejecting a bid and accepting it seems to have got blurred.
8However if there is a material loss on account of such blurring of lines, then everyone should take notice

8This company claims it has prospective gas reserves of a whopping $9.6 billion from its single field

Phosphoric acid Expansion Project
8Cost: Rs 500 crore
8Project Event: The technical evaluation is still ongoing, DE Smet Agro and Desmet ballestra are in the race for pre-qualification of Vendor for end-to-end study, financial bid is likely to be opened at the end of November 2022. The finalization is likely to be completed at the end of December 2022. RFQ for the LSTK contractor is likely to be released subsequently.
Nitric Acid Plant Expansion Project
8Cost: Rs 200 crore
8Project Event: Alvigo S, Casale SA, KBR LLC, and ThyssenKrupp are in the race for end to end study of Mono Medium Pressure Nitric acid plant for capacity enhancement, Technical evaluation is ongoing, and financial is likely to be opened at the end of November 2022

Technical Ammonium Nitrate Greenfield Project
8Cost: Rs 1170Cr.
8Project Event: RFQ for the LSTK contractor is likely to be released in January 2023. The company submitted the proposal for environmental clearance in April 2022. The clearance is likely to be elicited in December 2022
SSP/GSSP Greenfield Project
8Cost:  Rs15Cr.
8Project Event: The environmental consultant is still in the process of making the pre-feasibility report, proposal for the environmental clearance is likely to be submitted in December 2022, RFQ for the local contractor is likely to be released in January 2023

Get an update on the following greenfield projects
8Sekerkote Greenfield POL Terminal (IOCL)
8Malkapur Greenfield  POL Terminal (IOCL)
8Greenfield Marketing Terminal at Devangonthi (MRPL)
8Kandla-Gorakhpur Greenfield LPG pipeline project (IHB)

8The Supreme Court on Monday gave final nod to Russian oil producer Rosneftbacked Nayara Energy’s Rs 1.5 lakh crore plan for expansion of existing refinery complex and for setting up a new petrochemical complex in Vadinar in Devbhoomi Dwarka district.