Chem / Fertilisers
Deepak Fertilisers arm gets demand notice of Rs 226 cr from Income Tax dept
Deepak Fertilisers' subsidiary, Mahadhan AgriTech Ltd, faces a Rs 226.32 crore penalty from the Income Tax Department for assessment years 2017-18 and 2018-19, with a demand notice issued by Mumbai's Assistant Commissioner of Income Tax dated March 30, 2025. The company plans to appeal, asserting their confident stance on the case.
DCM Shriram commissions new caustic soda flakes plant in Gujarat
DCM Shriram has commissioned a new caustic soda flakes plant with a capacity of 300 tonnes per day at its chemicals complex in Jhagadia, Gujarat. This increases the Bharuch unit's total capacity to 900 tonnes per day, making it one of the largest caustic soda flakes producing units in the country.
Burjis Godrej takes charge as MD of Astec LifeSciences amid financial challenges
Burjis Godrej, aged 34 and son of Nadir Godrej, has been appointed as the managing director of Astec LifeSciences, taking on his first major leadership role without any remuneration. With challenges in sales growth and financial health, Burjis aims to drive growth and turn around the company's performance.
German chemical company to invest $1.5 billion in India, says Piyush Goyal
A German chemical company will invest $1.5 billion in India, with a state already identifying a 250-acre land for the project. Commerce and Industry Minister Piyush Goyal highlighted the government's efforts to enhance the business environment by reducing compliance burdens and decriminalizing minor offences, boosting investor confidence. Legal reforms are ongoing to further simplify business operations.
German firm from chemical sector to invest $1.5 billion in India: Piyush Goyal
Commerce and Industry Minister Piyush Goyal announced that a German chemical company plans to invest USD 1.5 billion in India over the next 12 months, with land identified near a port. The government aims to attract more foreign investment by improving the business environment and reducing compliance burdens.
Cabinet approves Rs 37,216 cr subsidy on phosphatic, potassic fertilisers
The Union Cabinet approved a ₹37,216 crore subsidy on phosphatic and potassic (P&K) fertilisers for Kharif 2025 to ensure farmers receive soil nutrients at reasonable rates. The subsidy includes increased rates for phosphorus and sulphur, in response to international price trends, and aims to maintain stable retail prices.
India-based chemical manufacturing co, senior employees indicted for unlawful importation of fentanyl precursor chemicals
An India-based chemical manufacturing firm, Vasudha Pharma Chem Limited, and its high-level employees face charges in a US federal court for illegally importing precursor chemicals used to make fentanyl. The defendants sold fentanyl precursors to undercover agents, knowing they would be used to manufacture and unlawfully import fentanyl into the US.
Bhilwara Energy to invest Rs 750 cr to set up a rPET resin manufacturing plant in Rajasthan
Bhilwara Energy Ltd plans to invest Rs 750 crore to establish an rPET resin manufacturing plant in Rajasthan by September 2026. The plant will recycle 20 million PET bottles each day to produce 100 kilo tonnes of food-grade rPET resin annually, using advanced recycling technology for superior quality and efficiency.
India set to kick off local potash mining
India is set to award its first potash mining blocks in Rajasthan, aiming to reduce reliance on imports for fertiliser production. The government has relaxed bid conditions to facilitate this, addressing a critical need for domestic potash availability amidst shifting import dynamics due to diplomatic strains with Canada.
Union Cabinet approves Rs 10,601 crore for Namrup IV Fertilizer plant in Assam
The Union Cabinet has approved Rs 10,601 Crore for the new Namrup IV Fertilizer Plant in Assam, which will enhance fertilizer security and boost industrial growth in the Northeast. The project aims to address the region's rising fertilizer demand and create direct and indirect employment opportunities.
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Cabinet approves Rs 10,601 cr Assam's Namrup fertiliser plant proposed in Union Budget
The Union Cabinet, led by PM Modi, has approved the establishment of a new brownfield ammonia-urea plant in Namrup, Assam, costing Rs 10,601.40 crore. The project, proposed by Finance Minister Nirmala Sitharaman, aims to boost domestic urea production. Additionally, NFL will participate in the project, which will benefit northeast states and create job opportunities.
Govt extends permission for urea import through India Potash till March 2026
India has extended the import of urea through India Potash Ltd (IPL) for another year, until March 31, 2026, the Directorate General of Foreign Trade announced on Tuesday. IPL’s status for importing urea on government account is now extended. India’s urea imports for FY25 were $1.8 billion, with major suppliers Oman and Russia.
Murugappa company looks to buy 49% in Nagarjuna Agrichem
Coromandel International is in advanced discussions to acquire a 49% stake in Nagarjuna Agrichem, potentially valuing the company at ₹1,400-1,500 crore. This acquisition would strengthen Coromandel International's portfolio in fertilisers, pesticides, and specialty nutrients. Nagarjuna Agrichem produces active ingredients and formulations for crops, serving clients like Syngenta and Corteva.
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.
