Domestic demand for jet fuel fell 2% in the September quarter, which O2C (Refining) COO Srinivasan T attributed to increased safety checks by airlines following the Ahmedabad plane crash.
Anil Jain, MD, Time Technoplast says strong polymer demand comes from countries like Indonesia, Vietnam, Thailand, Egypt and Saudi Arabia where replacing metal packaging with polymers is still a developing notion.
Petrochemical industry is highly capital and energy intensive. The adverse tariff regime is one of the primary reasons for inadequate investment and growth in this core sector in India.
Jubilant Industries board is going to look at restructuring agri and performance polymers businesses, reports CNBC-TV18. It touched an intraday high of Rs 230.80 and an intraday low of Rs 210. At 09:41 hrs the share was quoting at Rs 221.15, down Rs 17.15, or 7.20%.