The company's board has approved the investment for phase 1 at this new facility to manufacture lubricant additives and rubber chemicals with a total capacity of 15,500 million tonnes per annum (MTPA), Yasho Industries said in a statement.
JV Adhia, Vice President, Finance, Atul Auto expects a 20 percent revenue growth in the second quarter of the fiscal with improved demand seen in the festive season.
According to sources, IOCL is planning to establish an ethylene oxide purification unit in its Panipat refinery, a Rs 5000 crore greenfield project for acrylic and acetic acid production in Gujarat, and a polymer polypropylene unit in Paradip, making the total cost of these projects more than Rs 30,000 crore.
Engineering and construction major Larsen & Toubro's hydrocarbon division has bagged a Rs 700-crore order from Petroleum Development Oman.
Anurag Choudhary, CEO of Himadri Chemicals & Industries, in an interview with CNBC-TV18’s Reema Tendulkar and Ekta Batra, spoke about the recent happenings in his company and the road ahead.
ML Pachisia, MD, Orient Papers & Industries, in an interview with CNBC-TV18’s Mitali Mukherjee and Sonia Shenoy, spoke about the recent happenings in his company and the road ahead.