News & Bulletin Updates

On July 26, 2022, Petrochem sources reported a fall in octanol prices in the Kandla market.

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8India’s import dependence for oil has increased by 10 percentage points (pps) since 2015 to the current level of 87%, in sharp contrast to the goal set by the prime minister to reduce it by the same quantum during the period.

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8Bonus share is an offer of free additional shares to existing shareholders.

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8The unstable world energy market, volatile prices, uneven supplies may have repercussions on India’s energy security.

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Due to rising fertilizer and natural gas prices in the international market as well as higher expenses for the main feedstock, natural gas, the government may need to modify the budget estimate (BE) for fertilizer subsidies by almost 140 percent to Rs 2.5 trillion for the current fiscal year
8This will be the greatest fertilizer subsidy expenditure in history

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8While there have been strides made in climate finance mobilisation and deployment in India, there are still several gaps and the quantum mobilised till date lags behind the requirements
8Know all about how India is faring

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8The Adani and the Total group of France are now in a relationship that spans many areas

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8In the Q1 FY 2022-23, the country has produced 204.876 MT of coal as compared to 156.11 MT during the same period of last year with a growth of about 31%
8CIL has dispatched 152.49 MT of coal to Power Sector in the first quarter of the current fiscal surpassing all the previous highs of the same period

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8JSWEL is planning to set up 10GW of hydro pump storage projects (PSPs) and has secured tieups for projects totalling 5GW.
8It expects to start construction of at least one project in FY23, and has submitted the DPR for a few PSP projects to the CEA as well as applied for approvals.
8JSWEL is aiming to utilise PSP projects to produce RTC RE power

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8Here are the details of state-wise revenue from 22 coal mines for the next 10 years
8That is of money, get a state-wise analysis of likely revenue inflows

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8The company has achieved the highest ever quarterly revenue growth of 96% yoy and a smart rise in profit
8Find out more

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8Here is an update on the capex plans for captive power plants in the steel sector
8These sectors have big requirements for captive power plants

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A big steel conference is coming up
8And the hot topic of interest will be the export tax

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8Why is the company not cooperating with rating agencies

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8Red ink continues to spill over the company

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8But volatility in the market may be cause trouble

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8Kalyani Steels Ltd is meant to fulfill the group's in-house requirements of forging quality steel

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Kama Metals and Alloys Pvt Ltd (KMAPL) operates as a rolling mill and is engaged in the manufacturing of mild steel billets, mild steel flats and mild steel pipes.
8But it is not cooperating with its rating agency

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Get the product-wise consumption report of chemicals for 2018-19 and 2019-20.
8The products include alkali chemicals, inorganic and organic chemicals, pesticides and insecticides, dyes and pigments

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8Find out the total Foreign Direct Investment (FDI) made in the chemical sector during the last three years

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8The Council is holding elections for the post of 13 Members of the Committee of Administration under various Panels and Categories due to the completion of the tenure of the present CoA members

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8Get the latest rubber prices for Singapore

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8T. R. Poly Pet Industries is engaged in the manufacturing of pet preform and jars at its manufacturing facility located in UP. Since the company has not provided information to the rating firms, the stability of the company cannot be commented on

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Jul 25, 2022: GRP Ltd doing well

8The company nearly doubled its profits after tax from Rs 6.03 crores in 2021 to Rs 11.94 crores in 2022

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8As part of Dow Chemical’s second quarterly report for 2022, the company has announced several recycling initiatives and partnerships. The expansion in capacity is expected to make Dow the largest consumer in the world of recycled plastic feedstock for PE

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