Window on financial developments in chemical industries

Desai, Suresh Thakur
June 2008
Chemical Business;Jun2008, Vol. 22 Issue 6, p25
Trade Publication
The article presents an update on financial developments in chemical industries in India as of June 2008. Germany-based BASF SE plans to raise its stake in its Indian subsidiary by up to 75%. RPG group company Phillips Carbon Black Ltd. has increased its investment commitment in its Vietnam joint venture to 300 crore Rupees following an increase of 1 lakh tonnes in plant capacity. Fuel retailer Hindustan Petroleum Corp. has posted a 30% drop in profit for the fourth quarter ended March 2008.


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