News & Bulletin Updates

8Rajarshi Gupta has taken over as Managing Director of ONGC Videsh Ltd (OVL), the overseas investment arm of stateowned Oil and Natural Gas Corporation (ONGC).

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8The Centre on Wednesday scrapped export tax on petrol, cut the levy by a third on diesel and jet fuel, and brought down the windfall tax on domestic crude by 26% in step with recent moderation in benchmark prices.

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8India plans to secure fertiliser supplies and hedge against price rises by expanding its footprint in mineral-rich countries through investments and multi-year import deals, fertiliser minister Mansukh Mandaviya said on Wednesday.

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8Fertilisers shares closed higher in the Wednesday's session.

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8Kakrapar atomic power project is being executed by NPCIL
8Find out what the commissioning schedule is for its units

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8The company has agreed to make an investment in Covacsis Technologies Private Limited to provide enhanced Energy Management Solutions
8Find out more

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8Here is an update on the capex plans for hydro power sector

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8India’s largest power-generating utility NTPC signed an agreement with a global energy storage company for collaboration in gravity-based energy storage technology and software solutions.

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8The addition of 28.6 million consumers under the Saubhagya scheme, good infrastructure and perked up economic activities post COVID-19 pushed up power demand and necessitated coal import, Parliament was informed on Tuesday by Power Minister RK Singh.

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8India’s largest floating solar power project has now become fully functional at Ramagundam in Telangana.

 

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8Get the latest update on the promotion and development of the chemical scheme by the ministry of chemical and fertilizers

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8Sun Petrochemicals Ltd's Bhaskar Field ( CB-ONN-2003/1 or CB10) is currently under full development

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8Process technology provider Lummus Technology has been awarded a recent contract award from an Indian refinery for a new 360 kilotonnes/year polypropylene unit

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8The company has a 22-24% share in the organised market with a network of over 2600 dealers and 2 lakh retail outlets

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HOPL is involved in the trading, marketing and distribution of petrochemicals and solvents.
8It has long-term relationships with reputed customers like Berger Paints India Limited, Speciality Industrial Polymers & Coatings Pvt. Ltd. and other large paint manufacturers and has received consistent orders from them over the years

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8The company has realigned its product portfolio to meet the shifting consumer demands and forayed into home care and hygiene and the drilling specialities segment

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8JBCP being cash rich with the strong financial backing of existing promoters is expected to generate net cash of Rs 4 billion by FY24

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8Net Revenues for Q1 FY23 up 46%

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8TCL reported a 23.7% improvement in the total operating income in FY22 at the consolidated level led by volume growth and an increase in the realisations in basic chemistry products, mainly soda ash

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The company is the lead fertilizer supplier of Kerala with its production units located at Kochi and supplying fertilisers to all the South Indian states.
8Its operations are marked by a high level of vertical integration across both fertilisers division as its ammonia requirement for manufacturing fertilizers is met through captive production

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8German materials firm BASF has launched a new line of catalysts and adsorbents developed to selectively remove or convert a wide range of impurities in pyrolysis oils and enable downstream processing of circular plastics streams

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The promoters have been able to grow PTG’s customer base because of their prior experience in the industry.
8The company has reputed clients such as Pidilite Industries Limited, Indian Oil Corporation Limited and Bajaj Hindustan Sugar Limited
8However, given its current scale, PTG only meets a part of the total requirements of its major customers
8The customer concentration was relatively high with the top five clients accounting for 75- 76% of the total sales in FY2022

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8A pigment manufacturing unit of 60 MT per month is coming up

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Jul 20, 2022: Seminar cancelled

8A physical seminar on the interplay of customs, FTP and GST on cross-border transactions got cancelled as it did not receive a good response from the Indian participants

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8Both companies are aligned to drive the commercialisation of CO2-containing polyols for use in essential polyurethane products to meet consumer demand

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