Chemicals Companies

State-owned Rashtriya Chemicals and Fertilizers Ltd (RCFL) on Monday posted 84 per cent fall in consolidated net profit at Rs 10.80 crore for the first quarter of 2024-25 on higher finance cost. Net profit stood at Rs 67.79 crore in the same quarter previous year, according to a regulatory filing. Total income increased to Rs 4,396.06 crore from Rs 4,042.95 crore in the year-ago period. Expenses rose to Rs 4,409.93 crore from Rs 4,009.02 crore. RCFL said the government has reduced rates of Nutrient Based Subsidy (NBS) since October 1, 2023, which has adversely impacted profitability of phosphatic and potassic fertilizers. Shares of the company on Monday settled down 1.40 per cent at Rs 200.35 apiece on the BSE.

On Thursday, shares of Tanfac Industries, an Indian speciality fluoride chemical manufacturer soared by 13.1 per cent at Rs 2,399 a piece intraday on the BSE

GFCL EV is a newly incorporated company for business development. It is being set up to manufacture high purity metal sulphate and complex metal phosphate

Owing to the growth potential in the Indian chemical companies UBS has initiated coverage on four firms including PI Industries and Navin Fluorine International with 'Buy' ratings

The rise in stock came on hopes of recovery in the chemical business, which will pick up pace in the second half of FY25

CEO Martin Brudermueller, who will quit in April to become non-executive chairman of carmaker Mercedes-Benz, cited high competitiveness of the group outside of Germany under challenging conditions

"We are in ongoing and open-ended negotiations and cannot comment further," OMV said in a statement

"We are growing at 16 per cent, compared to the Indian Pharma Market (IPM) growth of 8 per cent, and a 12 per cent growth of the market which we cover," Chopra said

Vivek Jain, chairman of INOXGFL Group, said the investment highlights its pivotal role in shaping the future of the EV and ESS battery industry

Deepak Chem Tech, a wholly-owned subsidiary of Deepak Nitrite, on Wednesday said it has inked an agreement with the Gujarat government to invest around Rs 9,000 crore to establish projects at Dahej. Under the memorandum of understanding, the company will invest Rs 9,000 crore to set up units to manufacture chemicals at Dahej, expected to commence operations in 2027, Deepak Chem Tech (formerly Deepak Clean Tech) said in a regulatory filing. This investment is likely to create about 1,300 direct and indirect employment opportunities, it added. Earlier, the company had expressed its intention to invest around Rs 9,000 crore during Vibrant Gujarat Global Summit 2024 held on January 10-12. The proposed investment will help the country reduce its imports, the company said.

US, Canada, 17 other members raised 35 specific trade concerns

The data also revealed a concentration of other critical environmental factors, such as water withdrawal and waste generation

Textiles, chemicals, certain consumer electronics products among trade categories that could be affected

The commerce ministry has terminated an anti-dumping investigation into the import of a chemical, used in dying industry, from China following a request from the domestic industry. On September 30, 2022, the ministry's investigation arm Directorate General of Trade Remedies (DGTR) initiated a probe into alleged dumping of 'sulphur black' from China, following a complaint by a domestic firm Atul Ltd. However on April 15 this year, the applicant has withdrawn its petition and has requested for termination of the investigation citing certain reasons. "The authority hereby terminates the investigation...against the imports of Sulphur Black originating in or exported from China," the DGTR has said in a notification. It is mainly used for dying cellulose fiber, viscose staple fiber and yam. Anti-dumping rules have a provision for termination of a probe in certain situations which include withdrawal of application by the affected domestic industry at whose instance the investigation was

SRF saw strong demand from overseas markets, higher capacity-utilisation of facilities and significant cost-savings across all product streams

Chemicals maker Anupam Rasayan India Ltd on Friday posted a 43.61 per cent jump in its consolidated net profit to Rs 54.43 crore in the third quarter of the current fiscal. The company's net profit stood at Rs 37.90 crore in the same quarter of the previous fiscal, according to a regulatory filing. Total revenue on a consolidated basis increased to Rs 388.78 crore during October-December quarter of 2022-23 from Rs 271.12 crore in the year-ago period. Expenses remained higher at Rs 313.45 crore as against 211.80 crore in the said period. Commenting on the performance, Anupam Rasayan Managing Director Anand Desai said: ...despite unavailability of the certain capacities during the quarter, we were able to deliver growth on YoY basis. If you adjust the deferred revenue due to capacity constrain then our growth would have been around 25 per cent during the quarter." On January 4, the company restarted operations in one of its two plants post receipt of revocation of closure order. Wit

The stock hit a high of Rs 476 and a low of Rs 440.2 on NSE; firm's IPO was subscribed 32 times

Agro chemicals firm Dhanuka Agritech Ltd on Tuesday posted a 15.22 per cent jump in consolidated net profit at Rs 73.02 crore for the second quarter ended September, mainly on the back of higher income. The Gurugram-based company had reported a net profit of Rs 63.37 crore in the same quarter previous fiscal, according to a regulatory filing. The company also said its board has approved buying back 10 lakh shares at Rs 850 a share, or up to Rs 85 crore. The buyback would subject to all applicable statutory approvals. Net income increased 23 per cent on a consolidated basis to Rs 548.39 crore in the latest September quarter. In the year-ago period, the same stood at Rs 445.75 crore. Expenses remained higher at Rs 450.42 crore as against Rs 361.41 crore in the year-ago period. The board has fixed November 18 as the record date for the buyback offer. Shares of the company rose 1.51 per cent to Rs 737.70 in afternoon trade on BSE.

Agro chemicals firm Best Agrolife Ltd has clocked an over five-fold jump in its consolidated net profit at Rs 129.81 crore for the quarter ended September on higher sales. Its net profit stood at Rs 25.18 crore in the year-ago period, the company said in a statement. Total income also more than doubled to Rs 701.17 crore in the second quarter of this fiscal year from Rs 324.71 crore in the corresponding period of the previous year. Best Agrolife Managing Director Vimal Alawadhi said the sales of newly launched products have been good. "Our plants have achieved higher capacity utilization and we have many revolutionary products in the pipeline," he added. Alawadhi said the company's R&D team specialises in innovating new molecules. "We have crafted a niche for ourselves in the agrochemical industry by receiving one or two patents for significant formulations consecutively in the last few years," he said. Alawadhi said the company would come up with tailor-made crop solutions to t

In the last two years, Nocil's profit grew more than five-fold to 664.8 million Indian rupees ($8.07 million)