Page 2 - Petrochemicals Industry
Anupam Rasayan IPO subscribed 3.64 times on second day of subscription
The firm is in the speciality chemicals space
 "Anupam Rasayan IPO subscribed 3.64 times on second day of subscription")
Shares of Reliance Industries plunge 6% on disclosure concerns
The country's most-valuable firm reported record quarterly profit for the quarter ended Dec 31, but didn't disclose gross refining margins, a key metric to analyse its oil and petrochemicals vertical
 "Shares of Reliance Industries plunge 6% on disclosure concerns")
L&T subsidiary wins biggest EPCC contract of over Rs 7,000 crore
The order, classified as large, has a size between Rs 2,500-5,000 crore, informed the company in its release
 "L&T subsidiary wins biggest EPCC contract of over Rs 7,000 crore")
Mukesh Ambani among world leaders to discuss post-Covid economic recovery
Reliance head Mukesh Ambani and Indian Oil Corp Chairman Shrikant Vaidya will join over 30 world leaders from oil, gas and petrochemical industries to discuss post-Covid-19 economic recovery
 "Mukesh Ambani among world leaders to discuss post-Covid economic recovery")
IOC to invest Rs 17,825 cr in Gujarat refinery expansion, petchem project
IOCL net profit fell 47% annually to Rs 1,910.8 crore in the quarter ended June 30, mainly due to inventory losses stemming from fluctuations in global oil prices
 "IOC to invest Rs 17,825 cr in Gujarat refinery expansion, petchem project")
IOC bets big on petrochemicals, forward integration into textile biz
Petrochemical presents a big opportunity in India as the per capita consumption still remains very low
Reliance's Jamnagar refinery cuts crude processing by 24% as demand slumps
RIL's 35.2 million tonnes a year SEZ refinery processed 2.51 million tonnes of crude oil into fuel in March, a drop of 24 per cent year-on-year
 "Reliance's Jamnagar refinery cuts crude processing by 24% as demand slumps")
Al-Kharafi to invest Rs 49,000 cr to set up petroleum refinery in TN
Chief Minister Edappadi K Palaniswami said that Al-Kharafi is expected to set up a petroleum refinery in compliance with BS-VI emission norms
 "Al-Kharafi to invest Rs 49,000 cr to set up petroleum refinery in TN")
ONGC may take Opal out of SEZ as domestic demand for petrochemicals grows
A DTA setup enables a company to set up manufacturing units that cater to the domestic market, while an SEZ unit is meant only for exports
 "ONGC may take Opal out of SEZ as domestic demand for petrochemicals grows")
Policy on petroleum and chemical zone likely to come in a new avatar
The four PCPIRs are expected to give employment to around 3.4 million people
 "Policy on petroleum and chemical zone likely to come in a new avatar")
Why RIL is upbeat about petrochemicals even as it moves out of auto fuels
The company's oil-to-chemical strategy assumes significance in the face of an electric vehicle-dominated future
 "Why RIL is upbeat about petrochemicals even as it moves out of auto fuels")
IndiaRF to invest $156 million in Archean Group's marine chemicals business
Archean Chemical Industries Private Limited is one of the leading the largest producer and exporter of industrial salt and bromine in India.
 "IndiaRF to invest $156 million in Archean Group's marine chemicals business")
Eastern India can draw Rs 30,000 cr petrochem investments by 2030
Opportunities for entrepreneurs exist across the plastic and textiles value chain
 "Eastern India can draw Rs 30,000 cr petrochem investments by 2030")
Govt in talks to revise policy on petroleum industrial regions
Govt urged the petrochemicals industry to focus on effective recycling, management of plastic waste
 "Govt in talks to revise policy on petroleum industrial regions")
