News & Bulletin Updates

NBA prices in the Kolkata market registered a fall today.

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IPA prices firmed up in Kolkata in anticipation of tight regional product avails and improved buying sentiments.

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8Dr Mansukh Mandaviya, Union Minister of Health and Family Welfare & Chemicals and Fertilizers chaired a meeting for Department of Chemicals and Petrochemicals to set up a Joint Task Force to explore possibilities of utilize by-products of petroleum and petrochemical industries for producing crucial intermediates for pharmaceutical and agrochemical Industries

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8Both global synthetic and natural rubber prices are on an upward trend, but not all businesses in the industry are confident enough to set higher profit targets for this year

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8CIPL faces product concentration risk compared to the other industry players involved in the agro- chemical industry where most of the players have a diverse product portfolio
8CIPL manufactures intermediates and AIs mostly in the herbicide and fungicide category

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8A custom bid for services has been floated for a marine purchase turnover policy

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8Tyre manufacturers are contemplating further price hikes of about 8-12%,following a rise in raw material and commodity prices due to ongoing political issues, including the Ukraine-Russia crisis

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8This major North American Polystyrene resin producer said this week it was instituting an allocation process on its Polystyrene products, following recent production issues and supply chain challenges

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8Philippine’s largest oill refining company, Petron, reported a net profit than double from a year ago, as sales surged amid greater economic activity

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8Get the latest rubber prices in Singapore

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8Kumho Petrochemical Chairman, Park Chan-koo, is in the hot seat over a forthcoming lawsuit from minority shareholders, while the company is also grappling with falling profitability of its petrochemical business

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8The Board of Executive Directors of BASF has now decided to also wind down the company’s remaining business activities in Russia and Belarus by the beginning of July 2022. Exempt from this decision is business to support food production, as the war risks triggering a global food crisis

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VPPL is engaged in the business of manufacturing of wide range of industrial resins and oils such as alkyd resins, saturated polyester resins, polyester powder resins, etc. which find their application in coating industries for automotive industry, home appliances, industrial machineries, OEM’s and paint industry. VPPL supply their products mainly to paint industry, both in domestic as well as international market.
8Currently the company is circumscribed by moderate growth and profit parameters

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The company is engaged in the manufacturing of recycled polyethylene terephthalate (RPET) by recycling of post-consumer PET bottles, jars etc.
8It caters to the packaging needs of pharmaceuticals, distillery, cosmetic and other manufacturing companies
8In order to meet the specific demands of its customers, it manufactures pet bottles in different colors, shapes and sizes, ranging from 50 ml size to 2 liters size

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8ONGC has just undertaken what could well be its biggest privatization move ever

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8GAIL wants to pick up a stake in an electrolyser company
8Find out how it is going about it

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8What is the latest status on the cyber attack on Oil India Ltd.
8At what pace is the company limping back to normal?

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Ammonia-Urea Brownfield Project
8Cost: 6000 Cr.
8Linde was the L-1 bidder from among a host of bidders, know who they were for this package
8For another package, the last date has been extended
Coal based Ammonia Greenfield Project
8Cost: 200 Cr.
8Project Event: Invitation for Bid has been released for Contractor on Build on Operate (BOO) basis. The bid due date has been extended from 28 April to 20 May 2022

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Super critical power plant: Limestone and gypsum handling plant RFQ ahead
Super critical coal based power plant
8Preparation of tender is in progress for the limestone and gypsum handling plant and its specification is yet to finalize.
8The boiler, turbine, and generator were supplied by BHEL.
Rs 18000 crore Greenfield Off-Stream Closed Loop Pumped Storage: PMC package in July
8This is a massive Rs 18000 crore Greenfield Off-Stream Closed Loop Pumped Storage Project
8RFQ for the PMC package is likely to be floated in July 2022.
Rs 2500 crore hydel project: RFQ for civil works in Q3, 2022
8Preparation of DPR is in progress and it is in the final stage for completion.
8RFQ for the civil works package(lot-1) is likely to be floated in Q3 2022.
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8India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter.

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8European Union countries will stop importing Russian oil and refined products, the head of the bloc's executive European Commission said on Wednesday in proposing a sixth round of sanctions against Moscow for waging a war on Ukraine.

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8Oil prices edged higher at the start of Asian trade on Thursday, extending gains from the previous session, after the European Union proposed new sanctions against Russia that included an embargo on crude oil in six months.

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8In a valiant attempt to raise funds, this E&P operator in India has been selling shares in piecemeal basis

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8There is now an exact timeline on how long the Chhara LNG terminal will remain an unutilized asset

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What is the latest update on the Russian conflict and its impact on gas prices and gas supply
8EU is planning to replace around100 Bcm Russian gas imports in 2022 in order to wean off Russian gas well before 2030
8And there are now 17 FSRUs proposed
8Europe has also been sucking out Asian LNG imports
8There is a lot of interesting data, and it will give you a thorough insight into what is in store
Meanwhile, it looks like India has become extra sensitive about Russia all of a sudden.
Also, see what are the latest discounts on Russian crude

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