Soda ash prices rose globally, leading to a sharp rally in domestic chemical and fertiliser stocks.
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The police are also investigating potential security lapses, as the accused managed to breach the security and almost get the flammable chemical bag loaded onto the aircraft.
Aarti Industries well positioned to start reaping the benefits of a massive capex cycle, which is underway.
The private equity firm plans to build the oil-to-chemical project, capable of producing 3.5 million metric tons per year (tpy) of ethylene and propylene, at Cuddalore in Tamil Nadu by 2028 to 2029, Haldia CEO Navanit Narayan said on Monday, adding the project is expected to reach financial closure by the end of 2024.
While the company may face pricing pressure in the next few quarters, it continues to target new products under the import substitution strategy. This augurs well for investors
A further fall in price spells bad news for the industry already facing a demand slowdown. A rush of Chinese chemicals in the international market due to low domestic demand, a subdued Europe and declining crude prices are exert pressure on prices
"Russia's irresponsible nuclear rhetoric is unacceptable," the ministers said in a joint statement.
PCBL’s sequential sales growth of 5 percent was led by pricing growth, offsetting a 4 percent decline in volumes. This was chiefly due to supply-chain hurdles as export volumes were down 11 percent QoQ
Laxmi Organic is certainly on a transformation mode, and, hence, investors need to be patient enough to witness the change in business mix.
Net Sales are expected to decrease by 15.4 percent Y-o-Y (down 8.5 percent Q-o-Q) to Rs. 217 crore, according to HDFC Securities.
Net Sales are expected to decrease by 5.7 percent Y-o-Y (down 13.5 percent Q-o-Q) to Rs. 590 crore, according to HDFC Securities.
The commerce ministry has recommended for continuation of anti-dumping duty on a Chinese chemical used in food and pharma industry with a view to guard domestic players from cheap imports.
Net Sales are expected to increase by 6.5 percent Y-o-Y (up 9.7 percent Q-o-Q) to Rs. 268 crore, according to HDFC Securities.
Net Sales are expected to decrease by 10.8 percent Y-o-Y (down 28.3 percent Q-o-Q) to Rs. 213 crore, according to HDFC Securities.
Morgan Stanley and Goldman Sachs have already predicted the world economy is headed for a recession. Clearly, the global pandemic initiated by the coronavirus has made bulls a near-extinct specie
Gujarat Narmada Valley Fertilizers and Chemicals Ltd has filed an application before the Directorate General of Trade Remedies (DGTR) for anti-dumping investigation on imports of Aniline originating in or exported from China.
The domestic industry has been subject to substantial damages due to the dumping of these products, the Chinese Commerce ministry said on Tuesday in a final ruling after anti-dumping investigations into the imports.
The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR), after concluding its probe, has recommended the duty on imports of 'Zeolite 4A (Detergent Grade)' imported from China.
The Directorate General of Trade Remedies (DGTR) in its final findings concluded that the domestic industry is "not suffering" injury on account of the imports of 'Di Methyl Formamide' from these countries, according to a notification.
Given the improving performance, healthier balance sheet quality and a positive guidance from the management, we expect traction in earnings to continue which could lead to a further re-rating of the stock.
Atul Ltd has filed an application before the commerce ministry's Directorate General of Antidumping and Allied Duties (DGAD) for imposition of anti-dumping duty on imports of certain "Epoxy Resins" exported from these five countries.
Alkyl Amines Chemicals had asked for an anti-dumping probe on 'Monoisopropylamine ' and imposition of levy to discourage cheap imports.
The duty was recommended by the commerce ministry's investigation arm DGAD that has concluded in its probe that 'Resorcinol' was exported by these two countries below its normal value which has resulted in dumping.