The AV Birla group flagship Grasim Industries has been an outperformer on the bourses. The company's stock price is up 56.5 per cent in the last
To reduce the cost of captive power generation, seeks removal of import duty on all capital goods used for small and medium power projects.
Nirma has roped in BCG and KPMG to advise it on the fundraising options for the acquisition. The company had earlier informed banks that it would raise Rs 5,000 crore to Rs 7,000 crore in the current financial year for the acquisition. Bankers said the company will rely on its funds and future GLS dividend to repay its debt for acquisition.
In a setback to NALCO and Hindustan Lever Ltd, a tax tribunal has quashed their plea challenging the government's decision to impose anti-dumping duty on imports of caustic soda.
Grasim Industries has announced a rights issue of around Rs 4,000 crore with the promoters committed to fully subscribing to their entitlements and to covering any unsubscribed portion. This is to part-fund capital expenditure (capex) of Rs 10,000 crore in a new foray into the paints business. The company has already invested Rs 3,640 crore in the paints business (by Q1FY24). The management has outlined a capex of Rs 5,700 crore for FY24, which includes Rs 4,280 crore allocated for the paints business, of which Rs 1,050 crore has already been spent in Q1FY24.
Anil Agarwal-led Vedanta's Sterlite Copper has come out with a fresh notification inviting expressions of interest (EoIs) to supply raw materials like copper concentrate, imported thermal coal, rock phosphate and petroleum products, among others, as part of its preparatory measures to restart production at its Thoothukudi unit in Tamil Nadu. This plant is likely to restart operations if a Supreme Court verdict goes in favour of the company. On June 12, the company had invited EoIs for carrying out plant 'restart activities'.
Loss of Odisha Sands Complex is estimated at about Rs 100-crore.
Overall, Union Budget 2011-12 maintained status quo for the Chemical Industry.
Suspected Somali pirates on Tuesday hijacked an Italian cargo vessel with 18 crew, including seven Indian seafarers, off the coast of Oman.
Electric power is the key input required for manufacture of caustic soda and accounts for almost 60% of the total cost of production.
The government said it would amend the existing law, to provide for life imprisonment to offenders.
The company aims to make Lanjigarh refinery the first zero-based refinery in the world.
Hemant Shivsaran lists the number of projects the Modi government has announced since August to woo Gujarat voters.
This comes even after the Indian ambassador there had said this would affect the interests of other Indian companies.
In 2015, India chemicals industry had a market size of $144 billion.
Ahmedabad-based firm to fund deal through equal amount of equity and debt.
With the first salary date after demonetisation around the corner, will India's labourers be able to take their hard-earned wages home?
Union Budget 2014-15 is positive for metals and mining companies.
Tax incentives to have cascading effect on the capital goods industry.
'The darkest days of Indian democracy were (during) the Emergency when basic democratic rights were suspended. For a time it seemed as though India would move along the East Asian model -- everybody works hard, nobody asks questions, certainly not of the government.' 'There are people who say we are headed that way, but I am not persuaded by the evidence,' says Mahesh Rangarajan who recently resigned as director of the Nehru Memorial Museum and Library in New Delhi.
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