Chem / Fertilisers
Coromandel unveils nano fertiliser plant in Andhra Pradesh
Coromandel International Ltd has launched a nano fertiliser plant at its Kakinada facility, aiming to revolutionise Indian agriculture with energy-efficient technologies. The plant, with an annual capacity of one crore bottles, will produce nano fertilisers to enhance nutrient delivery and absorption by plants. Marketed under the 'Gromor Nano' brand, these products have been developed through the company's in-house R&D center and have undergone extensive farmer trials.
Singapore-based Sembcorp to supply green ammonia to Japan from its India plant
Singapore-based Sembcorp Green Hydrogen Pte Ltd signed an agreement with two Japanese firms to supply green ammonia from its 200,000-metric tonne capacity plant in India.
DCM Shriram inks pact with ICT for R&D in chemical industry
DCM Shriram Ltd has signed a memorandum of understanding with Mumbai's Institute of Chemical Technology (ICT) to boost research and development in the chemical industry. The partnership focuses on specialised R&D projects in chemical engineering, epoxy polymers and composites, and water treatment chemicals. The agreement was signed by ICT Vice Chancellor Aniruddha Pandit and DCM Shriram Chemicals Chief Product Development and Innovation Officer Debabrata Rautaray.
Indian fertilizer industry on track to reach Rs 1.38 lakh cr by 2032 amidst robust growth and strategic innovations
In 2023, the Indian fertilizer market size stood at Rs 94,210 crore, driven by increased agricultural demands and strategic governmental interventions.
India's chemicals market to hit $29.7 bn in 2024, set for steady growth with 3.26% CAGR through 2029
India's chemicals market, valued at USD 220 billion in 2023, is projected to grow to USD 383 billion by 2030, with an 8.1% CAGR. This sector, currently the sixth largest globally by sales, has attracted USD 21.7 billion in FDI from April 2000 to September 2023, benefiting from 100% FDI under the automatic route. Investments in Petroleum, Chemical, and Petrochemical Investment Regions (PCPIRs) are expected to reach USD 420 billion. The establishment of educational institutes like CIPET and IPFT will drive skill development.
Coromandel launches 10 new products to boost crop yields
Coromandel has partnered with Japan's ISK to launch Prachand, a patented product using Japanese technology to protect paddy crops from pests like stem borers and leaf folders that can cause up to 70 per cent yield losses. It has also developed a formulation to effectively combat fall armyworm, a highly destructive pest that damages up to 30 per cent of the corn crop annually in India.
L&T dispatches ethylene oxide reactors to China
Infrastructure major Larsen & Toubro (L&T) on Wednesday said it has dispatched the world's heaviest ethylene oxide reactors -- a crucial component in petrochemical plants -- to China. The reactors were dispatched by the heavy engineering vertical of Larsen & Toubro (L&T) for a project of chemical giant BASF in China, the company said in a statement.
Coromandel to acquire additional 7 pc stake in Dhaksha, invest Rs 150 crore
Coromandel International Ltd invested Rs 150 crore to acquire 7% stake in Dhaksha Unmanned Systems, enhancing research and technology adoption. Dhaksha offers UAS technology solutions, remote pilot training services, with a Rs 265 crore order book.
UPL expects to return to growth in FY25, margin normalisation as agchem market sees normalcy
UPL anticipates a return to growth this fiscal year, citing normalizing margins in the agricultural chemicals market. The company prioritizes deleveraging its balance sheet, aiming to achieve it through operational cash flows, rights issue completion, and capital raise efforts. Despite challenges, Q4 showed improved financial results.
Greenko Zero C to supply 500,000 tonnes of green ammonia to Norway's Yara Clean Ammonia
Deliveries to start from Kakinada from Q4 of CY26, Industry sources say contract size expected to be $1.5-$1.8 bn over 10 years. 5GW of renewable power and pump storage in Andhra Pradesh to back production
Must Watch
Jindal Poly Films questions the maintainability of class action suit
Jindal Poly Films Ltd challenges the validity of a class action suit initiated by minority shareholders before the National Company Law Tribunal, arguing it falls outside the scope of Section 245 of the Companies Act, 2013. The suit alleges losses from discounted share sales and loan write-offs, seeking Rs 2,268 crore damages.
SRF expects demand-supply imbalance, margin pressures in BOPET to continue
SRFLimited, an Indian chemicals business, anticipates ongoing demand-supply imbalances and margin pressures in the BOPET sector in the short to medium term, according to a stock exchange filing. However, the agrochemicals segment shows signs of improvement following inventory rationalization in FY24, with robust customer inquiries and progress in active ingredients (AIs) development.
Drone Destination signs pact with IFFCO for spraying agri products on 30 lakh acres of farm land
IFFCO and Drone Destination collaborate on a significant deal to enhance agricultural productivity through drone spraying across 30 lakh acres. The partnership aims to revolutionize Indian agriculture with innovative technologies and products.
Coromandel International to invest Rs 1,000 cr to set up plant in Andhra Pradesh
Coromandel International, which is mainly in the fertiliser business, will invest Rs 1,000 crore to set up a plant to produce phosphoric and sulphuric acid at Kakinada in Andhra Pradesh. In a regulatory filing, the company said it has "commenced the project activity to set up its Phosphoric Acid-Sulphuric Acid complex facility at Kakinada".
Himadri Speciality to invest Rs 220cr in Bengal to expand speciality carbon black capacity
The expansion, scheduled to be operational within the next 18 months and located at Singur in the Hooghly district, will be funded through internal accruals. This additional capacity of 70,000 tonnes per annum will increase the company's speciality carbon black capacity to 1.3 lakh tonnes per annum, enhancing the cumulative capacity to 2.5 lakh tonnes from the current 1.8 lakh tonnes, the official added.
Evonik India opens new office and research hub in Thane
Evonik India’s new office, spread across 100,000 square feet, will serve as a hub for Evonik's operations in India, providing an inspiring environment for employees to collaborate, innovate, and drive growth, the company said in a statement.
