ICRA has upgraded the long-term rating outstanding on the Rs.1.25 crore term loan and the Rs. 19.03 crore fund based bank limits of India Carbon Ltd (ICL) from LBBB to LBBB+ . The outlook on the long-term rating is stable. ICRA has also upgraded the
Patel Pesticides (India) has sought the Environment and Forests Ministry's clearance for its proposed pesticide manufacturing unit at Nandesari in Gujarat's Vadodara district. The company wants to manufacture 100 MTPM of profenofos. The by-produc
SI Group-India has requested the government to reduce import duty on crucial olefinic products to a level not exceeding 5 percent ad valorem. In a letter to the Department of Chemicals and Petrochemicals, SI Group also called for correction of invert
Gujarat Flourochemicals has been awarded carbon credits for the first time since the United Nations concluded a probe into projects claiming emission reductions of industrial gases.
A major fire, which broke out at Indian Oil Corporation's lube blending plant at Taloja in Navi Mumbai in the late hours of Monday night has been completely put out by 7.30 am, with no casualties or injuries.
Fitch Ratings outlook for Indian oil and gas is stable for 2011based on its expectation of no weakening of the ties between the government and its majority owned oil companies, which dominate the sector in the country.
The Indian Chemical Council (ICC) has called for hike in the peak import duty on chemical products in India saying a low duty level is against a scenario of rising costs of finance, fuels and power.
India Glycols has moved the Ministry of Environment and Forests for environmental clearance for installation of a pilot plant at Kashipur in Uttarakhand's U S Nagar district to produce ethanol.
LRC Speciality Surfactants has approached the Ministry of Environment and Forests for environmental clearance for its proposed chemical unit at Lakeshri in Uttarakhand's Hardwar district. The total cost of the project is Rs 3.50 crore and the land
IndianOil and LanzaTech recently signed a Memorandum of Understanding (MOU) for collaboration in a technology demonstration that will enable IndianOil to produce fuel grade ethanol. The MoU was signed in New Delhi by Sharat Meshram, executive direct
CRISIL has revised its rating outlook on the long-term bank facilities of MCC PTA India Corporation Pvt Ltd (MCC PTA) to "˜stable' from "˜negative', while reaffirming the rating at \'A-\'. The rating on the short-term facilities has been reaffi
Lanxess is continuing the expansion of its production site in Jhagadia in Gujarat. The specialty chemicals group broke ground for new compounding facilities with an initial capacity of 20,000 metric tonnes per year. These facilities will start produ
United Phosphorus has informed BSE regarding allotment of equity shares of Rs 2 each upon conversion of Foreign Currency Convertible Bonds (FCCBs - II) for an amount not exceeding US$ 150 million. 1. Series A - US$ 70 million (Compulsorily convertib
The global textile chemicals and dyes market continued to face a challenging environment in 2009 and 2010 as depressed demand for garments and apparel cast a dampener on the textiles business. Textiles, a high volume traded commodity, also witnessed
Fate of the pulp and paper chemicals market is completely dependent on the paper industry and hence reflects the trends in the industry. The global paper industry, already reeling under the onslaught of increasing substitution in publishing by Intern
Saptagir Camphor has sought environmental clearance for expansion of its camphor manufacturing unit at Kothapalli in Andhra Pradesh's Anantapur district. In a letter to the Ministry of Environment and Forests, the company said it proposes to increa
Rhodia announces the acquisition of the new guar derivatives production unit belonging to the Suzhou HiPro Polymers company, based at Zhangjiagang in China (Jiangsu Province). This Chinese unit will complement Rhodia's existing global guar derivati
PI Industries has approached the Ministry of Environment and Forests for environmental clearance to its proposed chemical manufacturing unit at Jambusar in Gujarat's Bharuch district. The company proposes to manufacture 7,000 MTPA of 27 agrochemica
With economic activity picking up, growth in domestic demand for commodity polymers was strong in 2009-10, reporting a 19% year-on-year (yoy) increase as against 4% yoy in 2008-09. The buoyancy in growth has continued in the current fiscal, although
PetroChina, through its wholly-owned subsidiary PetroChina International Company Limited, has entered into a framework agreement with Ineos to form a partnership in new trading and refining joint ventures related to the refining operations in Grangem
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