Chem / Fertilisers
NCLAT dismisses plea against resolution plan approval for Duncans Ind
The NCLAT has dismissed petitions against the resolution plan for Duncans Industries, emphasizing that the decision on lease renewals for tea gardens falls under the West Bengal government's jurisdiction. Uniglobal Papers' resolution plan was approved without the NCLT expressing an opinion on lease renewal merits.
India fertiliser company in talks to buy phosphate from Togo: Sources
India's Fertilisers And Chemicals Travancore (FACT) is negotiating a three-year deal to buy 250,000 metric tons of rock phosphate annually from Togo's Societe Nouvelle des Phosphates du Togo (SNPT), marking the first long-term fertiliser agreement between an Indian company and Togo. The deal aims to secure stable supplies amid rising demand and price volatility in India's agriculture sector.
Pigment manufacturer SCIL set to expand global footprint
Sudarshan Chemical Industries (SCIL) is expanding its international presence, focusing on Europe and the Americas to strengthen its position in the global pigment market. SCIL recently completed the acquisition of Germany's Heubach Group, and is preparing to navigate potential US tariffs with operational agility across multiple regions.
Organic fertilizer use to add $2.6 bn revenue: Indian Biogas Association
The Indian Biogas Association praised the government's initiative to promote organic fertilizers, projecting an added revenue of USD 2.6 billion for the biogas industry. The amendment includes 'Organic Carbon Enhancers' from Compressed Biogas plants, improving soil health and agricultural productivity. With increased demand for organic fertilizers, the number of CBG plants and economic growth is expected to rise.
Anupam Rasayan signs pact with US firm to supply EV battery chemicals
Anupam Rasayan has signed a letter of intent with Elementium Materials Inc to supply EV battery chemicals, commencing from fiscal 2026. The companies will negotiate a five-year supply deal with sales between USD 350-450 million, eventually requiring a new plant to meet full demand.
Best Value Chem begins operations at Rs 550 crore chemical plant in Gujarat
Best Value Chem (BVC), backed by Premji Invest, has commenced operations at its new Rs 550 crore chemical plant in Gujarat, targeting the fragrance, flavour, and personal care industries. The Dahej plant spans 30 acres, employs 300 people, and initially produces 10,000 metric tonnes annually. This marks a significant growth catalyst for BVC, expanding their market reach and efficiency.
Epigral targets 20% annual growth, expects to more than double revenue by FY28
Epigral Ltd aims to achieve a 20% annual growth rate, targeting over Rs 3,500 crore revenue by FY27 through sustained demand and doubling production capacity. The company plans significant investments and capacity expansions to drive increased net profits and higher contributions from derivatives and specialty products.
India's chemical and pharmaceutical industry gains traction as Europe faces decline: Nuvama
India is establishing itself in the global CDMO sector, driven by government incentives and low operational costs, making it an attractive alternative to Europe. Multinational companies are moving production to India due to higher energy, labor, and regulatory costs in Europe. Europe remains strong in high-value APIs, but generic API production is shifting to India and China.
Rise in quality consciousness among Indian manufacturers, automotive and chemicals lead: CII study
Indian manufacturers are becoming more quality-conscious, especially in the automotive and chemicals industries. They are adopting global certifications and protocols. Other sectors like capital goods and FMCG are also improving. Challenges include high costs, technology access, and skilled labor shortages. Investments in technology, upskilling, and quality management are needed to strengthen India's global manufacturing position.
India's fertiliser output rises 4 pc in 2023-24 to 503.35 lakh tonnes
India's fertiliser production increased by 4% in the 2023-24 fiscal, reaching 503.35 lakh tonnes, with a significant subsidy to ensure affordable prices for farmers. Domestic production partly met the demand, supplemented by imports and existing stocks, particularly in di-ammonium phosphate (DAP) and phosphatic and potassic (P&K) fertilisers.
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Chemical exports to surpass $30 billion in FY25
India’s chemical exports are projected to exceed $30 billion this fiscal year, bolstered by proposed import duty cuts on essential raw materials like phosphoric acid and sorbitol. The chemical industry, which was valued at $220 billion in 2022, is expected to reach $1 trillion by 2040. CHEMEXCIL is also promoting 'Green Chemicals' to align with global sustainability trends.
Budget measures to boost chemical exports; shipments to cross USD 30 bn this fiscal: CHEMEXCIL
Budget proposals reducing import duties on essential raw materials and providing support measures for MSMEs are expected to strengthen domestic manufacturing and boost chemical sector exports, which are anticipated to exceed USD 30 billion this fiscal. CHEMEXCIL is promoting 'Green Chemicals' and bio-based speciality chemicals to align with global sustainability trends.
Pest control market to reach $3 billion by 2032, market still largely unorganised due to low entry barriers
The demand for pest control services in India has surged due to increased hygiene awareness post-pandemic, though the market remains unorganized. Westfield Pest Control highlights the need for licensed professionals to ensure effective management. With the market projected to reach $3.03 billion by 2032, industries such as food processing and healthcare are key growth drivers.
VoltUp announces successful completion $8 mn seed funding round
Mumbai-based VoltUp successfully completed an $8 million seed funding round led by EM Impact Capital, raising a total of $18 million. The startup's battery-swapping technology for electric two- and three-wheelers aims to reduce vehicle downtime and promote EV adoption. VoltUp plans to deploy 1,000 new stations, investing $85 million in assets over two years.
Govt restricts import of herbicide Glufosinate priced lower than Rs 1,289 per kg
The Indian government has restricted imports of the herbicide Glufosinate priced below Rs 1,289 per kg to discourage inbound shipments. Imports priced above this threshold are allowed without restriction. The regulation aims to control import volumes from major suppliers like China, the US, and Israel. This fiscal year, India imported Glufosinate worth USD 177 million.
Gujarat govt minister urges industry to lead India’s rise as global chemical manufacturing hub
Industry should lead in positioning India as a global chemical manufacturing hub, says Gujarat's Minister of State for Environment. Encouraging youth participation and addressing pollution concerns are key. Tata Chemicals stresses the importance of ESG standards, while Epsilon Carbon highlights the opportunity in battery materials production driven by India's technical expertise and workforce.
