"Company's formulation facility at Dahej was inspected by United States Food and Drug Administration (USFDA) from April 3 to 7, 2017," Ajanta Pharma said in a filing to BSE.
Reliance Industries Ltd (RIL) has received environment clearance for expansion and debottlenecking of its Dahej petrochemical facility in Gujarat at a cost of Rs 13,250 crore.
Motilal Oswal believes that around 110 percent utilisation at Dahej is very likely in FY19 as well.
In an interview to CNBC-TV18, Ashish Soparkar, MD of Meghmani Organics said that chloromethane plant will be commissioned in Q4 of FY18.
The cargo is for delivery to Dahej in western India. The tender will close on February 20 and is valid on the same day, the source added.
India's biggest importer of liquefied natural gas, Petronet LNG Ltd, reported net profit of Rs 397 crore in the third quarter ended December 31. Company‘s profit more than doubled as it handled record volumes of imported gas.
"This is the second unit of the 4x93 MW steam turbine-based CPP, being set up by BHEL for RIL at Hazira," BHEL said in statement today.
State-run liquefied natural gas importer Petronet LNG shares rallied nearly 8 percent intraday Friday after better-than-expected earnings for July-September quarter but analysts are doubtful over consistency in performance.
Drug maker Ajanta Pharma said its new formulations facility at Guwahati will be commercialised before March 2017 and Dahej manufacturing facility, mainly dedicated for developed markets, will be operational in next financial year.
The company's project for manufacturing of 115 TPD Fully Drawn Yarn (FDY) and 200 TPD of Drawn Textured Yarn (FTY) at Dahej, Gujarat has been fully commissioned.
The plant is expected to be operated by the first quarter of financial year 2018-19.
The company is going to set up a Chloromethanes plant of Rs 165 crore and third multipurpose plant of Rs 180 crore, at its chemical complex in Dahej, Gujarat.
LNG consumption, which is 40-45 million cubic meter per day, is expected to rise by 10 million cubic meter a day in current fiscal, says Prabhat Singh, MD & CEO of Petronet LNG.
In May, the US FDA visited its Indrad facility (the largest facility for Torrent) and handed out Form 483 with 2-3 observations (minor and product related). It was the second inspection in the span of a year on the facility. It is a downside for the company, says CLSA which has a buy call.
The LNG importer's Dahej terminal had maximum capacity utilisation for the fourth quarter, and will continue to clock 120 percent going forward, says RK Garg Director-Finance, Petronet LNG. He adds that Dahej and Hazira terminals will be the only terminals operating for 6 months.
The pharma company had posted strong fourth quarter profits but margins had contracted. The R&D spend for the quarter stood at 9 percent, says Yogesh M Agrawal, Managing Director of the company.
Gujarat State Fertilizers & Chemicals will be concentrating on countries where infrastructure is happening on a large scale, says VD Nanavaty, Senior VP-Finance & CFO of the company.
The brokerage says higher Abilify sales, Dahej addressing capacity constraints and 10 percent price increase in Elder portfolio are key. According to Credit Suisse important markets of Torrent Pharma in order of priority are India, the US, Brazil and Germany.
State-owned Oil and Natural Gas Corp on Thursday said the talks to sell stake in long-delayed mega petrochemical plant at Dahej in Gujarat to Kuwait's Petrochemical Industries Company (PIC) remain inconclusive.
Leading sanitaryware company HSIL Ltd, which has forayed into the water heater business with its partnership with French company Groupe Atlantic, on Friday said it has plans to set up a plant in the country in a joint venture with the French company
"These are green field projects to be set up on 300 hectares of land, already acquired by GSFC, with an investment of Rs 10,000 crore," company's Chairman Sudeep Kumar Nanda told PTI on Thursday.
Discussing the results, RK Garg, Director Finance, Petronet LNG, agreed that Q4FY15 numbers are indeed below expectations and the company has been trying to mitigate issues raised after sudden drop in crude prices
In April, Petronet had signed a short-term contract with Qatar's Ras Laffan Liquefied Natural Gas Co to import 800,000 tonnes of LNG over 12 months to supply to refineries.
According to AK Balyan, Kerala government has taken the initiative to start the Kochi-Mangalore pipeline soon and the company is confident of significant progress by the end of this financial year.
Speaking on Rallis India's robust Q3 performance its MD & CEO V Shankar said the company has been able to cross the profit numbers of the last year in the first 9 months itself.