Chemical News

SME News, Tuesday, May 07, 2013
NEW DELHI: A global analytical and credit rating agency Crisil has said that the government's fertiliser subsidy is unlikely to reduce even after new plants are set up under the urea investment policy because the production cost is expected to shoot up due to high global price of ...

SME News, Tuesday, May 07, 2013
NEW DELHI: India's leading Fertiliser company, IFFCO posted 9 per cent increase in its profit on Sunday, despite fall in sales of nutrients because of bad monsoon in some parts of the country.     The company's profit before tax stood at Rs. 1,017.78 crore in the previous ...

SME News, Tuesday, May 07, 2013
NEW DELHI: Country's urea sales increased marginally by 2 per cent to 30.16 million tonne last fiscal, however those of phosphatic and potassic fertilisers (like DAP and MoP) declined by 25 per cent to 19.1 million tonne during the same period, Minister of State for Chemicals and Fertilisers ...

SME News, Saturday, May 04, 2013
NEW DELHI: The Government of India has said that they have received 15 investment proposals towards setting up of gas-based urea fertiliser plants in the country. The proposals have come from public, private and cooperative firms.     The proposals have been received in response to ...

SME News, Wednesday, May 01, 2013
  NEW DELHI: Government is expected to consider the proposal to fasten subsidy on non-urea phosphatic & potassic (P&K) fertilizers for the fiscal year 2013-14.   Maximum sell price of 22 types of P&K fertilizers have been untied under the nutrient-based subsidy ...

SME News, Tuesday, Apr 23, 2013
MUMBAI: The fertiliser industry will continue to face the short-term concerns in financial year 2012-13, mentioned Edelweiss recently in a report.     The non-urea fertilisers industry is suffering from excessive channel inventory, however, the a bigger hit would be on traded ...

SME News, Tuesday, Apr 23, 2013
MUMBAI: Amid the economic slowdown in Europe and the US, investors from these countries will look to India for merger and acquisitions (M&A).     The M&A activity in 2013-14 will see marginal growth in the chemicals industry, as against a declining trend for over past three ...

SME News, Tuesday, Apr 23, 2013
MUMBAI: Tamil Nadu Petroproducts has posted a consolidated net loss of Rs 34.02 crore for the financial year ending March 31, 2013, company said in a BSE filing.     The Chennai-based chemical manufacturer, has reported consolidated net loss of Rs 0.25 lakh during the previous ...

By: Gopi Arora, SME News, Monday, Apr 15, 2013
NEW DELHI: Amid growing competition from other countries in chemical sector, Indian chemical and petrochemical industry needs technology upgradation to match standard of global players.   The two-day seminar is organised by Federation of Indian Chambers of Commerce and Industry (FICCI) in ...

SME News, Tuesday, Apr 09, 2013
NEW DELHI: The Center for Chemical Process Safety (CCPS) of the American Institute of Chemical Engineers (AIChE) has inked a memorandum of understanding with the Government of India’s Oil Industry Safety Directorate (OISD), the groups said.   As per the agreement calls, the ...

SME News, Tuesday, Apr 09, 2013
JAMSHEDPUR: International Atomic Energy Agency (IAEA) is organizing a five-day inter-regional training course on Uranium exploration strategy, mining and processing techniques which commenced here today.   Diwakar Acharya, Chairman and Managing Director, Uranium Corporation of India ...

SME News, Tuesday, Apr 09, 2013
NEW DELHI: The UB Group's Mangalore Chemicals and Fertilizers (MCFL) has announced that its promoter firm McDowell Holdings Ltd has sold 1.01 per cent stake in the company for Rs 3.4 crore in the open market.   In its filing, MCFL stated that the promoter firm McDowell Holdings ...

SME News, Tuesday, Apr 02, 2013
NEW DELHI:  The Union Cabinet on Tuesday met to fix subsidy for non-urea phosphatic and potassic (P&K) fertilisers for FY 2013-14.  The Cabinet is expected to decide upon the retail rates of fertilisers according to the Nutrient Based Subsidy (NBS).   As per the NBS ...

SME News, Thursday, Mar 28, 2013
MUMBAI: In spite of uncertainty in the economic scenario and fluctuations in the exchange rates, speciality chemicals company Lanxess India has announced that it has registered sales growth worth Rs 1,672 crore in 2012 as against Rs 1,464.2 crore in the year before that.   Lanxess ...

SME News, Monday, Mar 25, 2013
NEW DELHI: Zuari Agro Chemicals, fertiliser and seeds company, has announced that it has shut down its plants for scheduled annual maintenance.   In its filing, the fertiliser company stated, ''urea/ammonia plants of the company have been shut down from March 24, 2013. The ...