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Chemical Sector

Specialty chemicals shares rally; Navin, SRF, Alkyl Amines rally up to 14%

Overall, the order book remains strong for H2, and a better performance is anticipated, SRF's management had said while announcing Q2 results in October

Specialty chemicals shares rally; Navin, SRF, Alkyl Amines rally up to 14%
Updated On : 09 Jan 2025 | 10:37 AM IST

Two Indian firms indicted in US for importing opioid fentanyl ingredients

Athos Chemicals and Raxuter Chemicals, both based in Gujarat, were each charged in Brooklyn with distributing the ingredients and conspiring to distribute them

Two Indian firms indicted in US for importing opioid fentanyl ingredients
Updated On : 07 Jan 2025 | 7:21 AM IST

Tata Chemicals, GHCL spurt up to 7%; why are chemical stocks gaining today?

Centre said it shall impose a Minimum Import Price (MIP) of Rs 20,108 per tonne on Disodium Carbonate (Soda Ash) up to June 30, 2025

Tata Chemicals, GHCL spurt up to 7%; why are chemical stocks gaining today?
Updated On : 31 Dec 2024 | 2:10 PM IST

IREL, Kazakh firm to form JV to harness India's titanium potential

Indian Rare Earth Limited (IREL) has signed an agreement with a Kazakhstan-based company to develop the titanium value chain in India by harnessing the potential of rare-earth minerals in the coastal parts of the country. The joint venture between IREL (India) Limited and Ust-Kamenogorsk Titanium and Magnesium Plant JSC (UKTMP JSC) proposes to convert low titanium oxide (TiO2) ilmenite produced in Odisha to titanium slag, which is in great demand in the aerospace and defence sectors. "The setting up of this JV plant is expected to catalyse the establishment of chloride pigment/Ti Slag/sponge manufacturing industry, which has been hindered by non-availability of high TiO2 feedstock," Minister of State in the Prime Minister's Office (PMO) Jitendra Singh told the Rajya Sabha in a written reply to a question. Titanium is highly corrosion-resistant and remains unaffected by most acids, bases, environmental conditions, and has a low density paired with high strength. These qualities make

IREL, Kazakh firm to form JV to harness India's titanium potential
Updated On : 15 Dec 2024 | 6:11 PM IST

This new stock in Mukul Agrawal portfolio soars 14%; up 118% from June low

Deepak Fertilisers & Petrochemicals Corporation surged 14 per cent on the BSE in Wednesday's intra-day trade on healthy business outlook; Company to announce earnings on October 29.

This new stock in Mukul Agrawal portfolio soars 14%; up 118% from June low
Updated On : 23 Oct 2024 | 1:28 PM IST

Guj Fluoro stock zooms 21% in 2 days; nears 52-week high on growth optimism

The management is confident about the coming quarters and expects a better performance in H2FY25E.

Guj Fluoro stock zooms 21% in 2 days; nears 52-week high on growth optimism
Updated On : 06 Sep 2024 | 2:33 PM IST

Aarti Industries stock tanks 16% on heavy volumes on margin concerns

The management anticipates 20-30 per cent volume growth in FY25, although margins are expected to remain under pressure for at least next 1-2 quarters due to continued dumping from China.

Aarti Industries stock tanks 16% on heavy volumes on margin concerns
Updated On : 13 Aug 2024 | 2:05 PM IST

GHCL stock up 12% day after dip in Q1 net; here's what triggered the rally

GHCL has been allotted 6,449 hectares of land in Kutch for salt production on a 30-year lease; stock up 40 per cent so far in FY25.

GHCL stock up 12% day after dip in Q1 net; here's what triggered the rally
Updated On : 02 Aug 2024 | 11:22 AM IST

SRF Q1FY25 results: Net profit down 30% to Rs 252 cr on weak global demand

The chemicals industry has been grappling with high inventory and destocking for the past few quarters, leading to continuous pressure on volume and margins, according to analysts

SRF Q1FY25 results: Net profit down 30% to Rs 252 cr on weak global demand
Updated On : 23 Jul 2024 | 4:01 PM IST

BASF India parent firm to sell flocculants biz to Solenis, stock down 3%

The decline in stock price occurred following the announcement that BASF SE, the parent company, would sell its flocculants business for mining applications to Solenis

BASF India parent firm to sell flocculants biz to Solenis, stock down 3%
Updated On : 18 Jul 2024 | 12:07 PM IST

Are chemical & fertiliser shares ready for fresh rally? Key levels here

Chemical & fertiliser stocks rallied up to 30 per cent in June, thereafter, most of them corrected on account of profit-taking. Will the rally resume in July? Here's what the technical charts suggest.

Are chemical & fertiliser shares ready for fresh rally? Key levels here
Updated On : 01 Jul 2024 | 12:27 PM IST

Derive Trading buys 3.5% stake in Bhagiradha Chem; stock up 41% in 2 days

On June 5, 2024, Derive Trading and Resorts Private Limited bought 4.31 million equity shares representing nearly 3.5 per cent of total equity of Bhagiradha Chemicals & Industries for Rs 81.17 crore.

Derive Trading buys 3.5% stake in Bhagiradha Chem; stock up 41% in 2 days
Updated On : 06 Jun 2024 | 10:48 AM IST

Bayer CropScience stock declines 6% on Friday post Q4; Check details here

Bayer CropScience's revenue slipped 19.5 per cent on a year-on-year (Y-o-Y) basis to Rs 792 crore as opposed to Rs 983 crore in the same quarter a year ago

Bayer CropScience stock declines 6% on Friday post Q4; Check details here
Updated On : 24 May 2024 | 12:14 PM IST

Anupam Rasayan Q4 results: Net profit declines 44% to Rs 40.46 crore

Chemicals maker Anupam Rasayan India Ltd on Saturday posted a 44.26 per cent fall in its consolidated net profit to Rs 40.46 crore for the fourth quarter of 2023-24 on poor sales. Its net profit stood at Rs 72.63 crore a year earlier. The total income fell to Rs 413 crore in the January-March quarter of 2023-24 compared to Rs 504.2 crore in the year-ago period, a regulatory filing said. For the full fiscal 2023-24, Anupam Rasayan posted a 23 per cent drop in consolidated net profit to Rs 167.4 crore against Rs 216.8 crore in the previous fiscal. The total income declined to Rs 1,505.3 crore from Rs 1,610.4 crore in the said period. Anupam Rasayan Managing Director Anand Desai said the chemical industry, including speciality chemicals, has faced significant headwinds during the last year. However, despite the de-growth in the top line, the company has been able to sustain its profitability and maintain margins at 27 per cent levels on a full-year consolidated basis. "We believe th

Anupam Rasayan Q4 results: Net profit declines 44% to Rs 40.46 crore
Updated On : 18 May 2024 | 7:01 PM IST

Sequential recovery to neutralise chemical companies' sales slump

Alchemy of revival: Early recovery catalysts blend with stable prices and eased supplier tensions

Sequential recovery to neutralise chemical companies' sales slump
Updated On : 07 Apr 2024 | 9:54 PM IST

TCG plans $10 billion oil-to-chemicals project in Tamil Nadu

TCG's investment plans comes amid strong growth for chemicals in India to drive a 7% growth, but also at a time of oversupply in the global petrochemicals business

TCG plans $10 billion oil-to-chemicals project in Tamil Nadu
Updated On : 01 Apr 2024 | 12:25 AM IST

Recovery in exports amid rising chemical prices to drive SRF stock

The demand-supply imbalance and margin pressures would be a key monitorable in the near to medium-term

Recovery in exports amid rising chemical prices to drive SRF stock
Updated On : 26 Mar 2024 | 11:43 PM IST

JG Chemicals IPO over-subscribed on day 1: Analysts upbeat on its prospects

The company is the country's largest zinc oxide producer and among the top ten globally, as per CARE Analytics. Its domestic market share in the key product was around 30 per cent as on March 2022

JG Chemicals IPO over-subscribed on day 1: Analysts upbeat on its prospects
Updated On : 05 Mar 2024 | 3:41 PM IST

Recovery in chemicals may be delayed until FY25, more downgrades ahead

Specialty chemical majors, after experiencing a 17% Y-o-Y fall in revenues in the September quarter, are projected to report an 18% decline in the top line for the December quarter

Recovery in chemicals may be delayed until FY25, more downgrades ahead
Updated On : 14 Jan 2024 | 10:00 PM IST

Godrej Industries' chemicals division plans Rs 600 cr investment in Gujarat

Godrej Industries Ltd on Friday said its chemicals division plans to invest Rs 600 crore over the next four years in the expansion of its unit at Valia in Gujarat. In a regulatory filing, the company said Godrej Industries Ltd (Chemicals Division) has signed a non-binding Memorandum of Understanding (MoU) with the Gujarat government for the purpose. "As part of the MoU, the company may plan to invest Rs 600 crore over the next four years on the significant expansion in Valia with employment of around 250 (people)," it said. The MoU paves the way for expansion at Valia where Godrej Industries already has a manufacturing facility. The unit located in the Bharuch district of the state produces a wide range of oleochemical products derived from organic material catering to various market segments, including personal care, pharmaceutical and food industries, the company said. "This strategic collaboration underscores our commitment to growth, innovation, and contributing to the economic

Godrej Industries' chemicals division plans Rs 600 cr investment in Gujarat
Updated On : 05 Jan 2024 | 5:29 PM IST