Chemical Industry

India's chemical demand likely to jump to $1,000 billion by 2040: Report

India is likely to account for more than a fifth of incremental global consumption for chemicals over the next two decades as domestic demand is projected to rise to USD 1,000 billion by 2040, McKinsey said in a report. In the report titled 'India: The next chemicals manufacturing hub', McKinsey said the country's chemical industry has been a global outperformer in demand growth and shareholder wealth creation over the last decade. "It now stands poised to play an increasingly dominant role across both consumption and manufacturing in the global arena," it said. The sector is projected to grow at 11-12 per cent during 2021-27 and 7-10 per cent during 2027-40 -- tripling its global market share by 2040. "India is expected to account for more than 20 per cent of incremental global consumption for chemicals over the next two decades. Domestic consumption and demand is expected to rise from USD 170-180 billion in 2021 to USD 850-1000 billion by 2040," it said. Chemicals find wide usag

The worst may be over for chemicals and textiles company Grasim

Analysts' target prices indicate an upside of about 20 per cent from current levels

Multiple growth avenues may give a fillip to Sumitomo Chemical stock

The stock has recovered some lost ground since November, as the Glyphosate herbicide overhang is behind for now

Sensex, Nifty end flat; Broader market outperforms, Titan gains 3%

CLOSING BELL: Auto majors - Maruti and Mahindra & Mahindra were the other prominent gainers among the Sensex 30, while Bharti Airtel and Tata Steel declined around a per cent each

Archean Chemical gains 12% on debut, shares worth Rs 1,014 cr traded

The stock hit a high of Rs 476 and a low of Rs 440.2 on NSE; firm's IPO was subscribed 32 times

German chemical industry hit by soaring gas prices, reveals survey

Gas prices in Europe are more than twice as high as before the start of the Russia-Ukraine conflict in late February

Gujarat Polysol Chemicals, PKH Ventures get Sebi's go ahead to float IPOs

Gujarat Polysol Chemicals and construction and hospitality firm PKH Ventures have received capital markets regulator Sebi's go ahead to raise funds through Initial Public Offerings (IPOs).

Input cost hike, freight rates drag chemical MSMEs in Gujarat to 50% output

Of the 11,000-odd units in the state, which account for nearly 40 per cent of India's chemical output, almost a third have turned sick

Canada imposes fresh sanctions on Russia's oil, gas, chemical industries

Canadian Foreign Affairs Minister Melanie Joly has announced that Canada is imposing new sanctions on Russian oil, gas and chemical industries

Chemplast Sanmar Q4 consolidated net profit dips 36% to Rs 232 crore

The company's total income saw a 35 per cent increase to Rs 1,816 crore during the quarter under review, as against Rs 1,350 crore in the fourth quarter of 2020-21

Russian army could target chemical industries: Ukrainian military

The Ukrainian military is warning that Russia could target the country's chemical industries.

Six killed in factory blast in Bharuch; PM announces Rs 2 lakh ex-gratia

The six victims were working near a reactor, which suddenly blew off during solvent distillation process

Gujarat's dyes, intermediates units look to work around input cost hike

They plan to shorten contract cycles, hedge as rupee declines vs dollar; industry's exports stands at $18 bn a year, of which Gujarat's share is almost 80%

Ministry mulling PLI scheme for chemical sector: Mansukh Mandaviya

Chemicals and Fertilisers Minister Mansukh Mandaviya said the ministry is planning to bring production linked incentive (PLI) scheme for the chemical sector to boost domestic production and exports

China power woes structurally positive for India chemical players: Analysts

China's power crisis: Analysts say the development could impact chemical output by as much as 25 per cent in the country, which in turn could benefit Indian speciality chemical makers

Govt amends ammonium nitrate rules; introduces fire-fighting provisions

The government has amended the rules for ammonium nitrate to curb its pilferage, introduce fire-fighting provisions as well as improve ways to handle and store the chemical

Tatva Chintan Pharma IPO is second-most subscribed this year at 180 times

Is second only to MTAR Tech; Tatva's 3.26-million share offering garnered bids for 588 million shares, generating demand worth Rs 63,713 crore

Govt may liberalise policy to promote alternative fertilisers: Mandaviya

The government is planning to liberalise the Market Development Assistance (MDA) policy to promote the use of alternative fertilizers, Fertiliser Minister Mansukh Mandaviya said.

Chemicals maker Laxmi Organic IPO subscribed 2.28 times on Day 1

The firm is in the speciality chemicals space

Ahead of IPO, Anupam Rasayan raises Rs 225 cr from anchor investors

Speciality chemical company Anupam Rasayan on Wednesday raised Rs 225 crore from anchor investors, ahead of its initial share-sale, which will open for public subscription on Friday.