Neogen Chemicals Limited, a front-runner in manufacturing Bromine-based and Lithium-based specialty chemicals, announced the successful completion of its preferential allotment. The company issued 14,42,358 equity shares at Rs. 1,754.07 per share, aggregating to a significant sum of approximately Rs. 253 crore. This strategic move involved high-quality institutional investors such as SBI Mutual Fund, Quant Mutual […]
Chemplast Sanmar Limited, a key player within the SHL Chemicals Group, has recently signed a Letter of Intent (LOI) with a renowned global agrochemical innovator for the production of a novel Active Ingredient (AI). The LOI spans a five-year duration, with expectations to commence commercial supplies starting from the calendar year 2025. Manufacturing in New […]
Mumbai-based Sadhana Nitro Chem Ltd. (SNCL) has announced its transition to commercial production at its newly-established Para Aminophenol (pAP) plant. Remarkably, the facility ranks as the world’s second to derive pAP from Nitrobenzene—a sustainable method aligned with green chemistry principles. This contrasts with the conventional Para Nitro Chloro Benzene (PNCB) approach, which produces considerable effluent […]
Laxmi Organic Industries Limited, a leading chemical manufacturer, has successfully concluded its Qualified Institutions Placement (QIP) Issue. The company’s Fund Raising Committee of Directors announced that they have approved the allotment of 9,625,579 Equity Shares to eligible qualified institutional buyers. Each share was priced at ₹269.20, reflecting a premium of ₹267.20 per Equity Share, which […]
Fineotex Chemical Limited, a Mumbai-based leader in specialty chemicals, has achieved accreditation from the National Accreditation Board for Testing and Calibration Laboratories (NABL) for its laboratory located at Sasmira Institute in Worli, Mumbai. This accreditation reflects Fineotex Chemical’s unwavering commitment to upholding the highest standards of quality and precision in the specialty chemicals industry. NABL, […]
Global specialty chemical producer Synthomer plc announced plans to raise approximately £276 million through a rights issue. The move aims to reduce the group’s leverage and strengthen its focus on specialty solutions. The funds will initially be used to lower borrowings under the company’s Revolving Credit Facility, expected to result in a pro forma reduction […]
GHCL, a chemical manufacturer in India, has disclosed its financial metrics for Q1 FY24. The results spotlighted a reduction in net revenue by 11% to Rs. 1029 crores, compared to Rs. 1153 crores in Q1 FY23. Financial Comparatives: Q1 FY24 vs. Q1 FY23 The Q1 FY24 figures showcased several key changes from the previous year. […]
Tata Chemicals Limited, a prominent industry player, has released its financial data for the quarter ending June 30, 2023. The reported consolidated revenue from operations touched ₹ 4,218 Cr, marking a rise from ₹ 3,995 Cr during the same period the previous year. Consolidated Financial Highlights On a consolidated basis, the EBITDA is revealed to […]
Neogen Chemicals Limited has reported a promising financial performance for the quarter ending 30th June 2023, marking an 11% YoY growth in revenue which stood at Rs. 164.9 crore. The earnings report revealed EBITDA figures at Rs. 28.1 crore, showcasing a 14% YoY growth. Revenue Growth Amidst External Pressures Despite global challenges, including inventory destocking […]
NACL Industries Ltd., an eminent player in the Indian agrochemical market, has released its financial results for the first quarter (Q1) of the fiscal year (FY) 2023-24. In the quarter ending June 30, 2023, NACL reported a total income of Rs. 390.16 Cr, marking an 18% drop from the previous year’s corresponding quarter. The firm’s […]
