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Chem / Fertilisers
Govt amends ammonium nitrate rules to curb pilferage; introduces fire-fighting provisions
Nearly 3,000 tons of ammonium nitrate was stored at Beirut's port for six years that detonated in August 2020, wreaking death and destruction.
Target commercial production of Nano DAP within a year: Mansukh Mandaviya to fertiliser makers
Union Chemicals and Fertilizers Minister Mansukh Mandaviya reviewed the progress of the Nano DAP field trial. India has successfully started commercial production of nano urea becoming the first country to do so. As per sources, the minister stressed on the time-bound development of Nano DAP to make India self-reliant.
There will be disruptors, but we will be ready: Sunil Chari, Rossari Biotech
"Our customers are big and the input cost is not very big. So it is difficult for our customers to shift. That is why we have sticky customers, and we continue to grow with every customer — either on the back of new products, or through an increase in the consumption of existing ones."
Cabinet nod sought for setting green hydrogen purchase obligation for refineries, fertiliser plants: RK Singh
"We have drawn up a Cabinet note (proposal) and sent it to the Cabinet for placing mandates for use of green hydrogen.... Those mandates' total requirement (is) of up to 8.8 GW of electrolyser capacity," Singh said. He was delivering the keynote address at CEEW's virtual event 'A Multilateral Approach to Building a Global Hydrogen Economy'.
How to check IPO allotment status: Ami Organics
Ami Organics has been able to hold its ground in the grey market. Last heard, it was commanding a premium of Rs 165-170 in the unofficial market, which was around Rs 130 when the IPO was announced.
Ami Organics IPO subscribed 1.9 times on Day 1
Surat-based Ami Organics and its shareholders are eyeing to raise about Rs 570 crore through its primary offering. The issue consists of issuance of fresh equity shares worth Rs 200 crore and an offer for sale (OFS) by promoters and existing shareholders of up to 6,059,600 equity shares.
Is it worth subscribing to Ami Organics’ Rs 570 crore IPO?
Ami Organics IPO is priced in a band of Rs 603-610 per share. Investors can bid for a minimum of 28 equity shares and in multiples of 28 shares thereafter.
PCBL lines up Rs 1,300-1,400 crore capex by FY23
The expansion lined up is one Rs 800 crore greenfield plant near Chennai and brownfield expansion in Mundra for specialty carbon that would entail an investment of Rs 300-350 crore. The carbon major will pump Rs 100 crore in research and development facilities in Belgium and India, he said.
RCF, NFL share sale by December, will get Centre Rs 1,200 crore
The official further said that considering the steps taken by the government for the fertiliser sector, the valuation of the shares could improve in the coming months.
Fertiliser sales likely to remain marginal lower in FY22: ICRA
In a release issued by ICRA it said that primary fertiliser sales volume during the first four months of FY2022 has registered an 11% decline compared to the same period of FY2021, mainly due to the base effect, as during H1 FY2021, fertiliser sales witnessed an upsurge owing to panic buying by farmers following Covid-19 pandemic led lockdown.
Chemplast Sanmar has a negative net worth. Should you apply for its IPO?
Chemplast Sanmar, which is coming with its IPO nearly a decade after delisting from bourses, is offering its shares at 21 times its adjusted FY21 EPS of Rs 26. Analysts say one should be cautious on the issue and not rush to subscribe to it.
IFFCO seeks permission to export nano urea from Kalol plant
In a written reply to the Rajya Sabha, Chemicals & Fertilisers Minister Mansukh Mandaviya said the nano-fertiliser holds great promise for application in plant nourishment because of the size-dependent qualities, high surface-volume ratio, and unique properties. Nano-fertilisers releases plant nutrients in a controlled manner contributing to higher nutrient use efficiency, he added.
Aim to be most competitive player in chemical sector: Deepak Nitrite
I am very confident that in the long term there will be more and more multinational companies looking at India particularly in the chemical space---said Deepak C Mehta, Chairman and Managing Director, Deepak Nitrite.
China's suspension of fertiliser exports likely to put upward pressure on international prices: ICRA
Rating agency ICRA on Monday said that China’s suspension of fertiliser exports is expected to put upward pressure on international prices, amid already limited supplies.
DCM Shriram bets on value-added businesses to fund future growth
The company has already invested in capacities to make Epichlorohydrin and Hydrogen Peroxide. Although not specialty chemicals, these are value-added products for its core chemicals business. It will soon also manufacture epoxy. It is also investing in a research and development laboratory for developing more specialty chemicals.
Govt planning to liberalise MDA policy to promote alternative fertilisers: Mansukh Mandaviya
At present, the government gives MDA of Rs 1,500 per tonne in the form of subsidy for scaling up production and consumption of city compost made out from city waste.
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