Union govt clears ground for petrochemical park

The Union government has approved the Fertilizers and Chemical Travancore (FACT) to sell 481 acres of land to the state government of Kerala for setting up a petrochemical park. The Kerala state... Read More


Filatex India to invest Rs 400 crore in capacity expansion

The company is planning to set up a captive power plant of 31.4 MW to reduce its energy costs, with an investment of INR 1450 Million. In addition to this captive power plant, Filatex India is a... Read More


Polyester Fiber price falling due to weak PTA and MEG

In past two weeks, the polyester fiber prices have declined sharply. This decline can be attributed to lower PTA and MEG prices, which are raw materials of polyester polymer. The decline in raw ... Read More


RIL announces one of India's ?n böyük Aramco to pick 20% stake in its OTC biz

Reliance Industries announced a deal with Saudi Aramco; according to this deal the Saudi Arabian Oil Company will acquire 20% stake in Reliance’s oil-to-chemical business. This deal will v... Read More


Anti-dumping duty imposed on PTA imports from South Korea, Thailand

The Revenue Department of India has imposed anti-dumping duty on all imports from South Korea and Thailand, based on the suggestions from designated authority in the Commerce Ministry. Anti-dump... Read More


Indian Oil to Invest INR 1003 billion in expanding the Paradip refinery.

One of the leading domestic producers, Indian Oil Corporation Limited has committed to invest INT 1003 billion to increase the Paradip refinery capacity from 15 million tonnes per annum (MTPA) t... Read More