News & Bulletin Updates

8Two directors have resigned from the board of this hydro company

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8Get into a discussion on export opportunities for Indian cosmetics across the world

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8Misui Chemicals Inc have announced personnel changes for 4 director level positions

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Aether Industries is a speciality chemical manufacturer, catering to various industries, such as pharmaceuticals, agrochemicals, dyes & pigments, paints & adhesives, home care & personal care, etc.
8Aether is the sole manufacturer in India of critical chemicals, such as – 4MEP, MMBC, T2E, OTBN, NODG, DVL and Bifenthrin Alcohol, and the largest manufacturer in the world by volume for 4MEP, T2E, NODG and HEEP
8In the past 4 years, Aether replaced the entire imports of these products from China and also started exporting them to 17 countries. Exports contributed 56% of FY21 revenue

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8Austrian injection moulding machine manufacturer Engel has established a new Packaging Centre to help its customers to further boost the performance of production cells and ensure competitiveness

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8Milliken & Company will begin production at its new clarifier plant soon in the US. This significant additional capacity will address strong worldwide demand for clarified plastic products

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8The world’s top 12 tire makers are presenting their latest products, technology and factory developments at Tire Cologne 2022

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8A leading global provider of mission-critical air and gas handling products, technologies and services has opened a new office in Hanoi, Vietnam

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8The Indian government has launched a sunset review of anti-dumping duties on new tires from China

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8Get the latest rubber prices in Singapore

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8A former President of the company has received a live crocodile as a gift
8Find out what the significance is

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Sun Chemical will increase prices across its entire portfolio of packaging, commercial sheetfed, and screen inks, coatings, consumables, and adhesives in Europe, Middle East and Africa, effective June 1 2022.
8And what about India?

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8This is going to be the world’s largest and most advanced industrial scale electrolyzer production plant
8The company’s ambition is to rapidly accelerate the adoption of green solutions in particular within Power-to-X.
8It claims to have industry-leading technology to decarbonize hard-to-abate sectors such as transport, chemicals, steel, and cement

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8Standard Fiber, US’ leading supplier to the home textile and hospitality markets, has signed an agreement with Weaveright Technology enabling the company exclusive rights to develop and distribute bath products made with the technology to the home retail and hospitality markets. Weaveright technology combines cotton loops with performance fibres

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This third-generation technology driven bio-refinery project saw a cost escalation to a mind boggling Rs 3000 crore
8Cost-economics has gone for a complete six. No one is talking about IRR anymore, it seems
8Will this be the last such new-tech bio-refineries to be built?

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8Drilling contractor fails to deliver on time to ONGC
8Is the government more than the supplier to blame?

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Ammonia-Urea Brownfield Project
8Cost: 6500 Cr.
8Project Event96 % of construction work has been completed, and the equipment installation is ongoing. procurement Machinery orders are already completed, procurement of other services is ongoing, also pre-commissioning is ongoing, Commercial production is likely to be started from September in place of June 2022, due to delay in the construction. (But our in-house research team disagrees with this commissioning date set by our  analyst, who elicited the company version)
Phosphoric Acid Expansion Project
8Cost1100 Cr.
8Project Event: 97% of construction work has been completed. The construction has been started in February 2020. The Company has been selected Jacob as the EPCM contractor, The commission is likely to be completed in June 2022 in place of March 2022

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This is a 12,000 crore greenfield thermal power plant
8Many contractors were involved, it is nearing commissioning
8But some RFQs are still left
Rs 3000 crore greenfield hydroelectric project
8RFQ for the drilling and drifting works is likely to float in July 2022.
8Get key contacts here
Rs 4000 crore greenfield Pump Storage Project
8Tender package preparation work is ongoing
8RFQ for the PMC package is likely to be floated in Q3 2022.
220 kV D/C  Transmission Line
8RFQ for the 220 kV P/S package is likely to be floated in June 2022.
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8Adani, the world’s sixth-richest person, has added almost $30 billion to his wealth this year, more than any other billionaire. His net worth of $106 billion is only about half of Tesla Inc. co-founder Elon Musk’s, but $10 billion more than Ambani’s.

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8With the increase in Liquefied Petroleum Gas (LPG) across the country. The nonsubsidised LPG cylinder now costs approximately around Rs 1,000.

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8The government is keen on seeking a private sector executive to head state-run ONGC amid global energy inflation that lends urgency to the push for higher oil and gas production to reduce India's import dependence, said people familiar with the matter.

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8Shares of oil marketing companies such as Oil Natural Gas Corporation (ONGC), Hindustan Petroleum Corporation Limited (HPCL), GAIL (India), and Reliance Industries fell up to 4% in intraday trade on Monday, in an otherwise positive broader market.

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8State-owned Oil and Natural Gas Corporation (ONGC) on Monday said it has become the first gas producer to trade domestic gas on the Indian Gas Exchange, trading unspecified volumes from its eastern offshore KG-DWN-98/2 block. In a statement, ONGC said it will increase volumes slowly.

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8Oil extended four weeks of gains amid tight fuel supplies and a weaker dollar, though elevated prices are fanning concerns that the world economy may be heading for a recession.

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8Russian Industry Minister Denis Manturov on Monday called on countries in the group of emerging economies known as the BRICS to establish joint oil and gas refining facilities with Russia, TASS news agency reported.

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