Chemicals & Plastics

DCM Shriram has received an environmental approval to set up a molasses-based distillery in Hardoi District of Uttar Pradesh along with a cogeneration power plant. The proposal is to set up 200 kilolitres per day (klpd) molasses-based distillery and 6 MW co-generation power plant at Hariawan village. “The environment ministry has given approval based on […]

Potable rpt potable alcohol has been kept out of the Goods and Services tax (GST) regime but industrial alcohol, including ethanol, will be taxed at 18 per cent once the new regime rolls out from scheduled July 1, Revenue Secretary Hasmukh Adhia said today. The government has kept potable alcohol or alcohol for human consumption […]

Indian agrochemical companies are looking to replicate the success that the country’s generic drug makers have had with medicines going off patent. They want to exploit the opportunity opening up with the patent expiry of several significant agrochemicals in the North and Latin American markets. Falling commodity prices have been driving the US and Latin […]

Tata Chemicals on Wednesday in its filing said that on May 9, the company has signed a business transfer agreement with Unnati Inorganics Private Limited to acquire their undertaking precipitated silica operation, on a slump basis. The agreement has been signed for a consideration of Rs 34.20 crore. This agreement also includes an existing manufacturing […]

Resil Chemicals today said it is looking to expand into new international markets in a phased manner. The company is a leading manufacturer of chemicals for industries, ranging from textiles to pharmaceuticals and agriculture. “Using various technologies, we have successfully been able to make customised products for individual customers and niche applications. We are now […]

India will invest Rs 50,000 crore to revive four mothballed fertilizer plants and extend a gas-pipeline grid to its eastern half, helping obviate the need to import urea and build the energy backbone of a mineral-rich area that trails the country’s more affluent neighbourhoods in gross economic output. “With the revival of the fertilizer projects […]

Multinational chemicals manufacturing major BASF Group is planning to invest around Euro 3 billion in Asia-Pacific countries between 2017 to 2021 and a share of it will be invested in India, said Sanjeev Gandhi, member of the Board of Executive Directors, BASF SE. India contributes around 12 per cent of the company’s Euro 12 billion […]

Japanese pharma company Daiichi Sankyo will close two of its subsidiary R&D facilities in Gurgaon, India, and Kobe, Japan. Around 150 employees at Asubio Pharma in Kobe focus mainly on psychiatric and neurological diseases, immune and inflammatory diseases and regenerative medicine. Daiichi expects to transfer these projects and employees to its other sites in Japan. […]