8Having made healthy progress on some of its growth initiatives, Aarti Industry has aggressive CAPEX plans lined up to realise its ambitions

Two European companies have announced a partnership to bring traceability software into circular polymers and chemicals supply chains
8The duo are collaborating in establishing digital solutions to trace renewable and recycled material flows, providing increased transparency along the value chain

The company has a long proven track record and an established market position in the supply of drilling fluid additives, both in the domestic and international markets. Gumpro Drilling Fluids also has its R&D facilities to develop new additives and formulations.
8The efficiency and strength of the in-house product development are evident from the advances made by the company in the oil-based additives category, including the powder emulsifiers for which the company has received patents

8Categories and products across the industry value chain are potential targets for China/LCC sourcing
8Typical categories included across the value chain are equipment, chemicals, electricals and others

RCPL has a diversified product profile as it is in the manufacturing of a wide range of products like textile finishing agents (TFA), speciality chemicals, process enhancers, organics, enzymes and lubricants under the textile segment
8In the non-textile segment, RCPL manufactures performance enhancers, anti-foam agents, lubricants, car care products, personal-care products, and other products catering to industries such as leather, rubber and plastics, construction, pharmaceutical, etc.
8The company is doing well

SNJ Synthetics Ltd is engaged in manufacturing Polyethylene Terephthalate preforms and bottles
8The company’s clientele includes reputed brands such as Varun Beverages Ltd, Bisleri International Pvt Ltd, Allied Blenders and Distilleries Pvt Ltd etc
8Furthermore, SSL has a long-established association with its clients that ensure repeat orders
8But the revenue profile is a tad concentrated with the top ten customers constituting 83% of total revenue in FY22

8What ails the company?

Revenues grew 11.3% YoY to Rs 446.8 crore, largely driven by robust growth in the company’s branded business.
8Sumitomo chemicals claim that it is confident that it will maintain its current margins profile despite cost inflation

8Get the latest rubber prices in Singapore

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8LNG
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8Ammonia

Oil India Ltd has been in more controversies than ever before.
8Is there something dramatically amiss with the top brass, headed by Sushil Chandra Misra, of Oil India Ltd?

Oil India Ltd's purchase of five 2000 HP drilling rigs has been decided
8But it wasn't without some drama

8This defaulting pipeline operator has been given one last chance

8Essar Bulk Terminal Limited (EBTL) is an-all weather, deep-draft terminal which is located on the mouth of Tapi estuary along the western side of Hazira peninsula in Gulf of Khambhat, under Magdalla Port of Gujarat Maritime Board (GMB)
8Why were the ratings were withdrawn?

LNG imports are down dramatically
8And so is total gas availability in the country

Usually, when a pipeline is laid, capacity utilization levels remain low.
8And that is one reason why pipeline operators are not keen to lay fresh lines in an almost virgin hinterland.
8But the Urja Ganga pipeline will notch up a high utilization level from the very beginning

LPG carrier rates have seen a sudden spurt.
8What has caused this upswing?
8Also, the recycling ship industry is in doldrums
8LNG rates have climbed higher too

The Vadinar SPM complex is a peculiar case.
8The cart went before the horse
8And clearly,  the project is delayed

Know more about of the Kochi - Salem Greenfield LPG Pipeline Project (KSPL)
8Land acquisition is an issue

8Mundra - Panipat Greenfield Crude Oil Pipeline (IOC)
8Some more contracts have been awarded

8This defaulting pipeline operator has been given one last chance

8What is the real discount at which Russian oil is selling in the market?

Concentrated Nitric Acid Greenfield Project
8Cost: 50 Cr.
8Project Event: A consultant is appointed for the preparation of a Detailed Feasibility Report (DFR). The report preparation is still ongoing. RFQ for the LSTK contractor is likely to be released at the end of July 2022, Due to a delay in the DFR preparation.
GSSP/GBSSP/GZSSP/GPG/BSP/BSG Expansion Project
8Cost:48 Cr.
8Project Event: The proposal for the term of references has been granted, the final EIA report preparation is still ongoing. Proposal for environmental clearance is likely to be submitted in Q2 FY 2022-2023. RFQ for the LSTK contractor is likely to be released in Q2 FY 2022-2023

A fall in ethylene glycol monobutyl ether prices in the domestic market of Ahmedabad was noticed on June 1, 2022.

On June 1, 2022, Delhi witnessed a rise in dimethyl sulfoxide prices.