Swiss chemicals major Clariant AG has formed a 51:49 joint venture with Bhartia family-promoted India Glycols to manufacture and market renewable ethylene oxide (EO) derivative products. EO derivatives are a class of...
UPL to refinance Arysta M&A debt with $500 million green loans
Taking advantage of global capital pouring billions into companies that care about climate change, environment, social and governance (ESG), UPL is raising $500 million in debt financing, the first Indian company to...
Govt to divest 20% in National Fertilizers Limited
The government will sell 20% of its shareholding in National Fertilizers Limited through an offer for sale for which it has sought bids from merchant bankers and legal advisers. “The GoI intends to disinvest 20%...
Competition Commission approves Indo Gulf Fertilizers-Indorama deal
Competition Commission of India (CCI) on Thursday said it has cleared the proposed acquisition of Indo Gulf Fertilizers by Indorama India Private Ltd. Indo Gulf Fertilizers is a part of Grasim Industries Ltd. Indorama...
Smartchem Technologies announces partnership with AgroStar for home delivery of fertilisers
Smartchem Technologies Limited, a 100% subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited announced its partnership with AgroStar, an agri-input e-commerce platform for doorstep delivery of...
Centre plans to offload 10% stake in Rashtriya Chemical and Fertilizers
The government is planning to sell 10 per cent stake in Rashtriya Chemical and Fertilizers Ltd (RCFL) and invited bids from merchant banker and legal firms for managing the share sale process. Interested merchant...
Japan’s Mitsui, Nippon Soda acquire 56% stake in Bharat Insecticides
Japanese companies Mitsui and Nippon Soda have acquired 56 per cent stake in agrochemical firm Bharat Insecticides Ltd (BIL). As a result of this deal, BIL has become a group company of Mitsui & Co Ltd...
Yara completes $1 billion Qatar sale, starts share buyback
Yara, one of the world’s largest fertiliser makers, has completed a long-awaited sale of its stake in Qatar Fertiliser Company, paving the way for a significant share buyback program, the Norwegian company said on...
Aditya Birla Group’s Birla Carbon announces global restructuring plan
Aditya Birla Group’s carbon black manufacturing arm, Birla Carbon has announced global restructuring plans in order to focus on market driven innovation, and leverage its global capabilities, the U.S. based company said...
HPL acquires majority stake in Lummus Technology for enterprise value of $2.725 billion
The Chatterjee Group (TCG) flagship Haldia Petrochemicals (HPL) and global private equity firm Rhone Capital on Wednesday said they have jointly acquired US-based Lummus Technology from McDermott International for an...
Zuari Agro Chemicals to sell off Goa’s fertilizer plant
Zuari Agro Chemicals, the agriculture vertical of the Adventz Group, has decided to sell off the company’s fertilizer plant in Goa to unlisted joint venture company Paradeep Phosphates Ltd (PPL) for a total...
Qatar Petroleum acquires Yara’s 25% stake in Qatar Fertiliser Co for $1 billion
Qatar Petroleum (QP) said on Sunday it had signed an agreement with Yara international to acquire its 25 percent stake in Qatar Fertiliser Company (QAFCO) for $1 billion, according to statements by both companies. The...
