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DCM Shriram will invest Rs. 838 crore for expansion of its sugar and chemical business, according to the companys quarterly report. Already, the company is implementing projects involving investments of Rs.350 crore for setting up of a distillery and aluminium chloride units besides expansion of its chlor-alkali unit. These will be commissioned in the second […]

Paints and coatings firm AkzoNobel India today said it will sell its specialty chemicals business as a going concern to an affiliate of the AkzoNobel Group for Rs 320 crore. Transaction is subject to shareholders approval.The business includes the Mahad manufacturing facility for polymer chemistry range of products, the company said, adding that business also […]

Gurgaon based SRF Ltd, a chemical based multi-business entity that manufactures refrigerants in India has entered into a definitive agreement with global major Mexichem to acquire HFC 125, a hydrofluorocarbon refrigerant used in the air-conditioning industry for little over $10 million. These are zero ozone depleting substances. Under the agreement, SRF will own the HFC-125 […]

Tata Chemical today said its board has approved sale of its Haldia fertiliser unit in West Bengal to Netherlands-based Indorama Holdings BV for Rs.375 crore. In a regulatory filing, the company said its board approved sale of the Phosphatic fertiliser business by way of slump sale on a going concern basis to IRC Agrochemicals, a […]

Asiatic Pharma Chem is planning to set up a synthetic organic chemicals unit at Jhagadia, in Bharuch district of Gujarat. Synthetic organic chemicals’ unit will have a capacity of 150 tpm. The project, estimated to cost Rs 4.50 crore, will spread over 12,800 sq mtr and will include products such as 2 Mercapto Benzimidazole, 5 […]

Dorf Ketal Chemicals India Private Ltd. (Dorf Ketal)—a global leader in the oil and gas industry and an established global supplier of fuel additives following the acquisition of UOP Refining Chemicals’ Fuel Additive business in 2001—announces its exception to recent claims made by Infineum regarding recent intellectual property rulings in South Korea. In contrast to […]

State-owned GAIL has approached the ministry of Environment, Forest and Climate Change for setting up a 1-million-tonne per annum capacity Greenfield Petrochemical Complex in East Godavari of Andhra Pradesh. According to the minutes of meeting of an expert appraisal committee under the Environment ministry, the EAC has recommended permission for preparing terms of reference for […]

Mangalore Chemicals and Fertilisers (MCFL), a subsidiary of Zuari Fertilisers and Chemicals, an Adventz Group company, is planning to invest Rs.1,000 crore over the next three years to set up a brownfield facility in Mangaluru. Facility will manufacture seven lakh tonne of phosphatics a year . Company will invest Rs.600 crore in this unit. It […]

Thirumalai Chemicals on Thursday informed the stock exchanges that it has decided to establish manufacturing facilities for production of phthalic anhydride with capacity of about 60,000 tonnes per annum and other products at Dahej in Gujarat. Expansion will be implemented in a phased manner, the company said; the first phase is likely to be completed […]

Ce-Chem Pharmaceuticals is planning to set up a bulk drugs unit at Dobaspet industrial area in Bengaluru rural district of Karnataka. Project is estimated to cost Rs 20 crore and will spread over two acre of land.Company is awaiting land allotment from the state government. The consultant, contractor, and machinery supplier yet to be finalised. […]