Polymers

This smallcap stock has zoomed 104% in 4 months; posts strong Q1 results

In the past 13 trading days, Styrenix Performance surged 39% after the promoter Shiva Performance Materials sold 2.9 million shares representing 16.49% stake on June 27, by way of market sale.

Polymers in microplastics may pose risk to Indo-Gangetic plain: Study

Polymers in microplastics may pose a risk to the Indo-Gangetic plain, a study on rivers Ganga and Yamuna by the Goa-based CSIR-National Institute of Oceanography has concluded. The study titled A comprehensive assessment of macro and microplastics from Rivers Ganga and Yamuna: Unveiling the seasonal, spatial and risk factors', has been published in the Journal of Hazardous Materials'. The researchers behind the study have said that their findings could serve as a starting point for the action plan required by municipal corporations to tackle plastic pollution and target the possible sources. As per the study, conducted by a team led by Dr Mahua Saha, Principal Scientist, CSIR-National Institute of Oceanography (CSIR-NIO), microplastics were detected in Ganga from Haridwar to Patna, with the concentration of the pollutant being higher during the wet (rainy) season than the dry season. The high-hazard polymers in microplastics may pose a risk to the Indo-Gangetic plain, it ...

Supreme Industries Q2 results: PAT jumps three-fold to Rs 243 crore

Supreme Industries Ltd has posted around three-fold jump in its profit after tax at Rs 243.19 crore in the quarter ended September 2023, pushed by higher income. It had clocked a profit after tax (PAT) of Rs 82.02 crore in the July-September period of the preceding 2022-23 fiscal, the company said in a regulatory filing. The company's total income rose to Rs 2,321.38 crore from Rs 2,092.12 in the year ago quarter. Its expenses were at Rs 2,025.93 crore as against Rs 2,005.52 crore in the same period in the last financial year. The board of directors has declared an interim dividend of Rs 8 per share of face value of Rs 2 each for the financial year 2023-24. Supreme Industries Managing Director M P Taparia said: "Polymer prices remained range-bound during the quarter but witnessed a sharp downward trend during 1st fortnight of October, affecting business sentiments. Now the prices have started stabilising and business activities have started picking up." The company has acquired t

Sah Polymers shares settle over 37% higher in debut trade: Report

Shares of Sah Polymers on Thursday ended with a premium of over 37 per cent on the stock exchanges against the issue price of Rs 65. The stock made its debut at Rs 85, reflecting a jump of 30.76 per cent from the issue price on the BSE. Later, it rallied 37.30 per cent to settle at Rs 89.25 apiece. On the NSE, the shares began the trade at Rs 85 and finally ended at Rs 89.25 each. In volume terms, 4.16 lakh shares of the firm were traded on the BSE and 41.82 lakh shares on the NSE during the day. The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel. Meanwhile, in the broader market, the 30-share BSE benchmark ended 147.47 points or 0.25 per cent lower at 59,958.03. The initial public offer of Sah Polymers was subscribed 17.46 times last week. The initial share-sale had a price range for

Composite materials domestic consumption to touch 7.68 LT by 2027: Report

The consumption of composite materials in India is expected to witness a sharp uptick and touch 7.68 lakh tonne (LT) by 2027, led by demand from sectors like renewable energy, electric vehicles, defence, among others, according to a report. Composite materials or fibre-reinforced plastics help in circular economy as these are manufactured by combining multiple materials with different properties. Examples of composite materials are polymer matrix, metal matrix, ceramic matrix composites and carbon matrix etc. "The Indian composites material industry is taking the consumption from 5,11,900 tonnes of composites materials in 2021 to 7,68,200 tonnes in 2027," FRP Institute said in its latest research. The composites materials market is also expected to grow at a CAGR of 6.9 per cent over the next five years to reach USD 2.01-billion in 2027 from USD 1.26 billion last year, the Chennai-based body said. The major growth drivers for the industry will be increasing demand from sectors lik

After toys, govt looks to curb China electric fan, smart meter imports

Since the quality control order 3 years ago, toy import down 70 per cent

Polymer notes: What's that?

In the din over the wildfire spread of cryptocurrency and in its eagerness to introduce the central bank digital currency, a question mark hangs over India's plan for polymer notes

Garware Hi-Tech Films Q2 net profit rises 14.7% to Rs 43.34 crore

The company's total revenue during the quarter under review rose 36.28 per cent to Rs 339.62 crore

Polymer producers raise prices; plastics industry to feel the pinch

Primary polymer producers have raised their product prices by Rs 1,000 of various grades in tune with the movement in crude oil prices.

Renewable energy & automotive sectors to drive composite adhesives market

Global composite adhesives market to reach $ 1.78 billion by 2022, says MarketsandMarkets report

ES FiberVisions plans expansion of manufacturing capacity in US

The company recently opened a new bicomponent fibre plant in Rayong (Thailand)

Polymers to aid the Second Green Revolution in India

Efficient insulation through the use of polyurethane materials can drastically reduce spoilage of perishable foods like fruits, vegetables, etc in India, says Ajay Durrani