News & Bulletin Updates

8During FY22 the total operating income of the Group increased by 51% on a year on year basis to Rs. 1,085.74 crores driven by increased sales realization and strong demand in the steel industry

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8A huge explosion, which is believed to be caused by a fire that took place in a Nitrite factory in Gujarat. Video released by a news agency showed a huge explosion in the Gujarat factory after a bang sound and thick smoke rising from the building
8The cause of the explosion is yet unknown, but fire is believed to have occurred before the blast. According to local media reports, 8 to 10 people have sustained injuries in the incident
8Those injured have been admitted to a nearby hospital and are undergoing treatment

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8A leading manufacturer of Chlor-alkali and its value-added derivatives has announced the successful commissioning of an Epichlorohydrin (ECH) plant of 50,000 TPA capacity
8Despite a challenging external environment, the plant is commissioned on time and without any cost overrun

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8Three were interviewed, one was selected

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8A US-based leading provider of highly engineered elastomer and thermoplastic solutions announced the opening of its state-of-the-art Innovation Center adjacent to the company’s corporate headquarters
8The new 9,000 sq. ft. innovation centre will provide customers with direct access to some of the industry’s foremost materials scientists and engineers in an immersive design-prototype-test-build process

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8Find out how and by how much in terms of sales

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8Acting on the request of the footwear industry, the government has deferred the quality control order mandating Bureau of Indian Standard compliance for footwear made and sold in India by one more year

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8The company is an integrated and diversified manufacturer of plastic film substrates including BOPET, BOPP, CPP and Blown PP / PE
8Know more about what is going on with it

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8Find out more on this

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Jun 06, 2022: Aramco slashed prices

8Aramco slashed propane and butane prices for June for the second consecutive month to USD 750 per ton each

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8German private equity firm Mutaresis to acquire a plastic parts business to strengthen its automotive and mobility segment
8The business includes products beyond filtration and separation solutions, including air intake manifolds, high-pressure air lines and fluid reservoirs

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8Get the latest rubber prices in Singapore

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8We are carrying here a weekly carbon black market report
8Find out what kind of prices are projected going ahead

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8The website carries here a weekly outlook on EPDM prices
8Find out what our analysts are saying about how prices will behave till next week

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RIL has chalked out a multi-billion dollar petrochemical expansion plan in three different locations.
8After the public sector expansions, this is the next big thing that contractors can expect
Find out the exact details of these expansions

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8EIL's dynamic CMD Vartika Shukla has a done a crucial realignment
Find out what it is

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8The fact that gas-based power generation has not future in India is evident from a promoter's willingness to sell plant and equipment lock stock and barrel of one such power plant

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A big green hydrogen summit is coming up.
8There is no option but for all key players to participate

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8The PESB is now preferring same-company appointees over those of other companies in the selection of candidates

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The CGD industry is in the throes of change
8There has been a sharp increase in price and this has been compounded by a sharp rise in demand (Get details here)
8Multiple price revisions have taken place already (get details here)
8What is the latest competitive status of CNG with alternative fuels?
8But there are roadblocks ahead

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This seismic company seems to have done well last year
8Profits have almost doubled

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Jun 06, 2022: Daily import matrices

Get the daily updates for
8Chemicals
8
Crude

8LNG
8Fertilizers
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update

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Ammonium Nitrate and Nitric Acid Greenfield Project
8Cost: 1375 Cr.
8Project EventThe project is still waiting for environmental clearance, It is likely to be elicited in July 2022. RFQ for the LSTK contractor is likely to be released in August 2022.
Water Soluble Fertilizer Greenfield Project
8Cost:200 Cr.
8Project Event: RFQ for the preparation of the Techno Economical Feasibility Report (TEFR) has been out, and finalization is still due. RFQ for the LSTK contractor is likely to be released in Q2 FY 2022-2023

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Jun 06, 2022: Shipments Update

8One DAP shipment is coming on 5 June 2022
8One ammonia shipment is coming on 9 June 2022

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8The Centre is set to give a fresh push to its privatisation drive after facing a setback over the sale of state-run oil refiner BPCL and will make a renewed bid to complete the transactions of a clutch of companies in the current fiscal year.

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