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Talcher Fertilizers award project contract to Wuhuan Engineering Co Ltd

In order to augment domestic urea capacity, the government had taken up revival of closed fertilizer units of Fertilizer Corporation of India Ltd.

Bayer completes merger of Monsanto India

The National Company Law Tribunal (NCLT) last week approved the merger of Monsanto India Ltd with Bayer CropScience.

Green nod to Deepak Fertilisers' Rs 190 cr expansion project

The union environment ministry has issued the clearance to the company's proposal after taking into account the recommendations of a panel of experts.

New bill likely for pesticide price control

The new law will be in line with the international norms being practised by global leaders.

Government says FDI in chemical industry very low; asks industry to introspect

It is gathered that neighbouring countries like Singapore, Vietnam, Thailand, Philippines are attracting the investment.

Government looks to cut down imports of chemicals, make India manufacturing hub

Net imports of chemicals and petrochemicals touched a whopping Rs 1.21 lakh crore annually in 2018-19, the official added.

Government raises subsidy for sulphur fertiliser for FY20

Total subsidy outgo for non-urea fertilisers would be Rs 22,875.5 crore for 2019-20 fiscal, the Information and Broadcasting Minister told reporters after the meeting of the CCEA.

Non-urea fertiliser subsidy hiked to Rs 22,875 crore in FY20

Other decisions: Bill to regulate chit funds cleared; SC judges’ strength up to 33.

Green nod to Tata Chem's Rs 1,042 cr soda ash expansion project

India has the advantage of abundance of raw materials i.e. limestone and salt and growing domestic demand that favours the establishment of soda ash plants.

UPL Corporation raises EUR 100 million loan to meet working capital needs

"The short tenor loan carries zero running coupon and is the first such financing raised by the group," UPL said.

Phillips Carbon Black unveils state-of-the-art Sushila Goenka Research and Development Centre in Gujarat

Phillips Carbon Black unveils state-of-the-art Sushila Goenka Research and Development Centre in Gujarat

Spread over 27,000 square feet (sq.ft.) on a sprawling land area of 8 lakh sq.ft., the R&D Centre entailed an initial investment of Rs 20 crore.

Govt to make mandatory standards for 40 more chemicals to check fake products

Govt to make mandatory standards for 40 more chemicals to check fake products

Addressing the conference, the Secretary emphasised on HS coding for all major imported chemicals and petrochemicals in the country.

Budget 2019: ICRA hopes rationalisation of subsidy under NBS scheme

Budget 2019: ICRA hopes rationalisation of subsidy under NBS scheme

ICRA also expects a reduction of the import duty on LNG to nil from 2.5% currently, resulting in lowering of the cost of production and the subsidy outgo for the GoI.

Softening gas prices credit positive for urea sector: Report

Softening gas prices credit positive for urea sector: Report

The global natural gas price also witnessed correction in the recent months and the outlook for the same remaining benign, urea players will see their cost of production fall

5 closed fertiliser plants being revived at Rs 37,971 cr cost, says Gowda

5 closed fertiliser plants being revived at Rs 37,971 cr cost, says Gowda

The government fixes the maximum retail price of urea and manufacturers are compensated by way of subsidies.

Specialty chemical companies capex to jump 70% by 2020: Report

The capital expenditure of specialty chemical manufacturers stood at Rs 7,500 crore in fiscals 2017 and 2018, rating agency Crisil said in a note.

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