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| 09 August, 2020, 01:56 AM IST | E-Paper
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    Chem / Fertilisers

    Fertiliser industry seeks review of urea subsidy to make existing factories viable

    The government aims to revive four sick plants next year and another by 2023 with an investment of ₹38,000 crore as part of its Atmanirbhar Bharat initiative. This will add 6.35 mt to the country’s existing annual capacity of 24 mt and cut imports, which average about 6 mt a year.

    Fertiliser industry seeks overhaul of urea subsidy regime to make the country self-reliant

    Domestic companies have now urged the government to shift to a nutrient-based subsidy regime to help the country avoid imports.

    Chemicals firm SRF board approves setting up of Rs 315 crore chloromethane plant

    In a regulatory filing, the company also said its consolidated net profit declined 6.41 per cent to Rs 177.09 crore in the first quarter of 2020-21 as compared with Rs 189.22 crore in the year-ago quarter.

    State-run fertilizer maker FACT uses coastal shipping to move cargo

    The company’s head Kishor Rungta and chairman of the Cochin Port trust jointly flagged off the movement of the first batch of containers, the company said in a statement.

    Government plans to restrict use of glyphosate herbicide

    “No person shall use glyphosate except through Pest Control Operators,” the draft notification read. The ministry has given 30 days for objections or suggestions on the draft order dated July 8, 2020.

    PCBL to set up Rs 600-crore greenfield plant near Chennai

    The largest carbon black manufacturer in India, PCBL remains optimistic about the demand growth and had already invested Rs 300 crore for brownfield expansions in its Mundra and Palej plants in Gujarat.

    Praj Industries forays into renewable chemicals and materials market

    The company has a Bio-Mobility platform which promotes the use of renewable resources to produce carbon neutral transportation fuel across all modes of mobility. Adding to this segment, the company has forayed into Bio-Prism, with renewable chemicals and materials.

    Aditya Birla Group’s Birla Carbon announces global restructuring plan

    Sanjeev Sood, currently the President of the South Asia Region, will become the chief manufacturing officer for Asia. Dale Clark, the chief technology officer, will become the chief manufacturing officer for America, Europe, and Africa.

    Fertiliser sales jump 83% to 111.61 lakh tonnes in Apr-June: Govt

    Urea sales increased by 67 per cent to 64.82 lakh tonnes while the demand for DAP jumped two-folds to 22.46 lakh tonnes during the period under review.

    HPL acquires majority stake in Lummus Technology for enterprise value of  $2.725 billion

    The development is expected to accelerate India’s progress towards ‘self reliance’ in materials technology space, said a press statement issued by the company on Wednesday.

    Zuari Agro Chemicals to sell off Goa's fertilizer plant

    Zuari Agro Chemicals to sell off Goa's fertilizer plant

    Zuari Agro Chemicals, the agriculture vertical of the Adventz Group, has decided to sell off the company's fertilizer plant in Goa to unlisted joint venture company Paradeep Phosphates Ltd (PPL) for a total consideration of $280 million.

    Vinati Organics bets on niche chemicals to double revenue every four years

    Vinati Organics bets on niche chemicals to double revenue every four years

    Managing director Vinati Saraf Mutreja told ET that the company is betting big on the new process it is developing to manufacture butylphenol. It will be the sole manufacturer for the product in India and expects it to bring incremental revenue of Rs 400 crore a year in the next three years.

    India may impose anti-dumping duty on Chinese Aniline, denies market

    India may impose anti-dumping duty on Chinese Aniline, denies market

    Directorate General of Trade Remedies (DGTR), under the commerce and industry ministry, also said that it would continue to treat China as a ‘non-market economy’, allowing India to impose anti-dumping duties on cheap imports to protect its domestic industry.

    Low fertiliser price to push sales in the ongoing planting season

    Low fertiliser price to push sales in the ongoing planting season

    “Domestic prices of Diammonium phosphate (DAP) and nitrogen, phosphorous and potash (NPK) have seen a drop as raw material prices in the global market fell,” said Rakesh Kapur, joint MD at Indian Farmers Fertiliser Cooperative Ltd (Iffco).

    Govt may set up expert panel to evaluate industry voice before decision on banning pesticides

    Govt may set up expert panel to evaluate industry voice before decision on banning pesticides

    Industry has strongly objected to the proposed ban of chemicals, which includes popular pesticides like monocrotophos, acephate, carbofuran, 2,4-D, carbendazim and malathion, which has been widely used to control locusts. The relaxation in exports of the banned molecules, in the addendum to the draft notification, too has done little to calm the nerves of the industry.

    Steady supply of fertilizers in the current cropping season to be ensured: Union Minister D V Sadananada Gowda

    Steady supply of fertilizers in the current cropping season to be ensured: Union Minister D V Sadananada Gowda

    “In this kharif season, the requirement of urea is estimated at 17 million tonnes while domestic production is likely to be around 13.3 million tonnes. The difference will be made available through imports,” he said.

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