Market Flash

The government is working on ‘unbundling’ of marketing and transportation of gas in the country, Oil Minister Mr. Dharmendra Pradhan has said, in a move that would end up splitting Gail, the owner of most of nation’s natural gas transportation network.

• India
• Gas

The 145kt/a butadiene unit at CNOOC and Shell Petrochemicals will run normally in May, and Shenhua Ningxia Coal Industries and Shandong ...

• Butadiene

Coal India and its subsidiaries will now be able to extract coal bed methane (CBM) from their mines without seeking approvals under the Petroleum and Natural Gas Rules 1959 (PNG Rules, 1959). An official statement said the Cabinet Committee on Economic...

• India
• Coal

GAIL Ltd. plans to buy 0.5 million tonnes or eight cargoes of liquefied natural gas (LNG) from Russia’s Gazprom in 2018-19, according to its Chairman and Managing Director Mr. B. C. Tripathi. “The cargoes will start coming from May,” he said.

• LNG
• India

In the meantime, after the price increase, the gasoline ceiling prices in most provinces of China will be over RMB 0.

• Gasoline
• Retailer

Union Petroleum Minister Mr. Dharmendra Pradhan has said India will coordinate with China and other Asian countries to voice against the “Asian Premium” being charged by the Organisation of the Petroleum Exporting Countries (OPEC).

• India
• China
• OPEC

Mr. Rakesh Kumar Vats, Additional Secretary, Ministry of Health and Family Welfare has been given the additional charge of Chairman of drug price regulator NPPA, an official statement said.

• India
• Pharma

Hyderabad-based Natco Pharma Ltd. has been awarded a favourable judgment in the US Court of Appeals for the Federal Circuit ruling on patent-related to Teva’s Copaxone (treat multiple sclerosis). The court of appeals had reversed a district court’s...

• Pharma
• US
• India

Vaccine maker Bharat Biotech has unveiled its new corporate logo and vision for the future. With its new logo and tag line ‘Lead Innovation’, the Hyderabad-based company is underlining its focus for developing new made-in-India molecules to prevent...

• Logo
• Vaccines

Grand River Aseptic Manufacturing, a parenteral contract development and manufacturing organization (CDMO), has made its second major equipment purchase this year: a state-of-the-art Bausch+Ströbel fully integrated high-speed filling line with SKAN...

• Grand River
• Pharma

Oil India Ltd. (OIL) has commissioned a 52.5-MW commercial wind energy project developed partly in Gujarat and partly in Madhya Pradesh. A company statement said that another 500-KW captive solar project in Jorhat, Assam has also been commissioned.

• Oil
• India

Mangalore Refinery and Petrochemicals Ltd. (MRPL) has commissioned a solar power project with a total capacity of 6.063-MWp at its refinery site in Mangaluru. A press release by the company said that the solar power project is spread across 34 roof ...

• India
• Solar

The growing textile industry in the Asia-Pacific region is driving the demand for mulberry silk in the region.

• Silk
• CAGR

On Apr 25, 30,002.407 tons of Xinjiang cotton and 22,944.723 tons of upcountry cotton.

• Cotton
• Auction

Ratnagiri Refinery and Petrochemicals Ltd. (RRPCL), a consortium of Indian oil companies including IOC, BPCL and HPCL has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s national oil company, Saudi Aramco, to jointly develop and build...

• India
• Oil

The Indian Chemical Council (ICC) has invited nominations for the following ICC Awards for the year 2017

• India
• ICC
• Awards

The Ministry of New and Renewable Energy (MNRE) has come out with draft guidelines for development of onshore wind power projects aimed at accelerating the growth of the wind power sector in the context of new technology and emerging regulations.

• India
• MNRE

Mr. Dilip Chenoy has been appointed as the Secretary General of industry body Federation of Indian Chambers of Commerce and Industry (FICCI). He will succeed Mr. Sanjaya Baru. Mr. Chenoy was working as Director Gene-ral of the industry body till now.

• India
• FICCI

The CII-Indian Green Building Council, which has thus far certified more than 370 buildings products as green products, is aiming to cover over 1,000 products by 2022.

• India
• Green

Diversified PSU Balmer Lawrie & Co. Ltd. is banking on organic growth across all its six strategic business units (SBUs). “We are looking at organic growth in all SBUs since inorganic growth is not possible as the funds available for buy-outs are ...

• India
• Growth