News & Bulletin Updates

8India imports most of its fertilisers, which is crucial because nearly half the population depends on a farm-derived income and the Black Sea conflict trimmed its fertiliser balance ahead of the crucial summer-sown June-September kharif season.

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8In a major jolt to the management of the Ramagundam Fertilisers Company Limited (RFCL), the Pollution Control Board (PCB) on Sunday issued a notice to stop production of fertilisers and confiscated its Rs 12 lakh guarantee amount, following several complaints by the locals about environmental pollution caused by the unit.

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8From a petrol pump business to forming a path-breaking startup for a global cause, the founders of Repos Energy have given a different meaning to innovation.

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8Oil prices rose on Tuesday after EU agreed to slash oil imports from Russia by the end of 2022, fueling worries of a tighter market already strained for supply amid rising demand ahead of peak US and European summer driving season.

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8Top oil exporter Saudi Arabia may raise prices of all grades of crude it sells to Asia in July following strong refining margins for gasoline and jet fuel, while expectations of a rebound in China's demand also supported prices, trade sources said.

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8The NTPC Pakri Barwadih Coal Mining Project has set up a bio-methane plant on its Sikri site premises.

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Petrochem sources confirmed that cyclohexanone prices have slipped in the Mumbai market.

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Acetone prices witnessed a huge fall in the Delhi market.

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An increase in MIBK prices was noted in Mumbai today.

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8French oil major TotalEnergies has fully restarted the 231,000 barrel per day (bpd) Donges oil refinery it operates in France, the company told Reuters on Monday.

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A significant fall in MEG prices was noticed in Delhi today.

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A gain in acetonitrile prices was noted today in the imported market of Mumbai.

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May 31, 2022: VAM at reduced rates

On May 31, 2022, the Mumbai market witnessed a fall in VAM prices.

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Petrochem sources have reported a steady trend in hexaconazole 95% prices in Ahmedabad.

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Pendimethalin prices have shot up in the domestic market of Mumbai.

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A robust demand has lifted acetic acid prices in the Mumbai market.

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8India could be staring at another power crisis like the last year due to inadequate stocking of coal before monsoon and inefficient distribution system, despite adequate coal mining.

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8Meenakashi Lekhi, Minister of State for External Affairs, Govt of India has said that post COVID as the borders are opening and business also opens up, India is seen as a production hub and not just as a market and we are able to bring in more business to India and benefiting everyone.

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8The carbon credit market in India is set for accelerated growth, especially with the commitment made at the COP 26 climate action summit to achieve ‘net zero’ emissions by 2070.

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8Adani Group on Saturday announced the commissioning of India’s first wind and solar hybrid power generation plant at Jaisalmer in Rajasthan.

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8Meghmani Finechem announced that it has entered into agreements with Renew Green Energy Solutions for setting up a wind-solar hybrid power project.

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8State-owned Gail India will invest Rs 6,000 crore in the next three years in renewables, a top official said on Monday.

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8Electric two-wheeler maker WardWizard Innovations and Mobility is lining up close to Rs 650 crore investment for the manufacturing of Li-ion advance cells and related infrastructure, according to a top company executive.

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May 30, 2022: Daily import matrices

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8UFlex Limited is India's largest packaging material and solutions company
8Find out more about it and what lies ahead

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