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Hindustan Urvarak and Rasayan Limited (HURL) has signed a Rupee Term Loan agreement for the Gorakhpur fertilizer plant. The agreement is for a loan of ₹ 5314.33 crore with a consortium of Banks led by SBI as the lead banker and Punjab National Bank, Allahabad Bank, Union Bank of India, Indian Bank, Bank of India […]

Mangalore Chemicals and Fertilizers (MCFL) has received green clearance for Rs.1,547-crore expansion-cum-modernisation of its fertiliser plant in Karnataka. The eco clearance is subject to compliance with certain conditions. “Environment clearance has been given by the nodal Ministry of Environment to MCFL’s proposed project,”. MCFL complex is spread in about 192 acres. The proposed expansion-cum-modernisation is […]

Work to commence on Wallams India ethanol unit Wallams India Agro Product and Power is all set to commence work by November 2018 on its new ethanol unit to come up at Islampur in Sangli district of Maharashtra. Project execution was delayed due to delay in receipt of environmental clearance (EC). Wallams India has now […]

To invest Rs.1,000 crore in expanding caustic soda and new chlorine products. Grasim Industries, an Aditya Birla group company, expects to generate additional revenues of about Rs.1,200 crore per annum with its plan to invest Rs.1,000 crore in expanding caustic soda and new chlorine value-added products. Sushil Agarwal, Director and Group CFO, said the brownfield […]

A year after partnering American furniture brand Ashley, Deepak Fertilisers and Petrochemicals Corporation has relaunched its retail campus Ishanya under a new brand, Creaticity. The Pune-based 10-acre campus is designed around creative living theme. It aims to transform traditional retail spaces into a destination for all by hosting home city, food city, sports city, art […]

Tata Chemicals Ltd., the country’s leading producer of soda ash and sodium bicarbonate, announced the launch of Medikarb – India’s first branded pharmaceutical grade sodium bicarbonate for pharma API and formulation manufacturing. Medikarb will be manufactured in state of the art FDA certified facilities that are compliant with GMP standards to ensure the highest quality […]

During the second India-Korea Business Summit 2018, the government of Odisha pitched Korea for investment in Paradip Petroleum Chemicals and Petrochemicals Investment Region (PCPIR). PCPIR is being developed near Paradip Port and will provide a conducive business environment, promoting and attracting exclusive investments in the petroleum, chemicals, petrochemicals and allied sectors. Project will see an […]

Kumar Mangalam Birla-led Grasim Industries is planning to invest more than $1 billion in capacity expansion of its viscose and chemicals businesses. “The investments will help the company to scale up its viscose capacity by 58% to 788 ktpa (kilo tonne per annum) and chemicals capacity to 1.14 mtpa (million tonne from annum) from 854 […]

Chemical manufacturing company Clariant in India inaugurated its new healthcare packaging plant in Cuddalore today. Ketan Premani, India Head of Business Unit – Medical Specialties, said in a press release that the greenfield plant is the first and so far the only ISO-8 clean room facility in emerging markets. “The facility will offer Desiccants (a […]