Girish Shah

📈 IOC , Indian Oil’s earnings miss was driven by weaker-than-expected earnings across the refining, marketing and petchem segments . IOC posted a nearly 99% drop in its second-quarter profit as narrowing marketing margins hurt. #IndianOil #IOC #EarningsReport #QuarterlyResults #ProfitDecline #RefiningSegment #MarketingMargins #Petrochemicals #Q2Results #StockMarketUpdate #FinanceNews #OilAndGas #EnergySector #MarketAnalysis #InvestorAlert #IndianMarket #PetroleumIndustry #EarningsMiss #ProfitMargins #BusinessNews #MarketWatch #StockAnalysis #FinancialUpdate #InvestmentNews #MarketInsights #ShareholderUpdate #EnergyEconomy #GlobalMarkets #BusinessTrends #FinancialPerformance #StockMarketInvesting #MarketSentiment #IndiaEconomy #EnergyStocks #SectorOutlook #IndustryInsights #EconomicTrends #MarketExpectations #ProfitMargins #OilMarket #InvestmentStrategy #IndianStockMarket #MarketForecast #Petchem #EarningsCall #TradingNews #EquityMarket #Profitability #InvestorCommunity #TradingInsights #MarketMovement #CorporateEarnings #EarningsSeason #IndustryUpdate #FinancialNews #StockPerformance #InvestorFocus #CommodityMarket #StockMarketAnalysis #EnergyInvestment #MarketUpdates #ShareMarket #CorporateNews #FinancialSector #EquityInvestors #OilIndustry #IndiaInc #RevenueGrowth #IndianEconomy #FinancialHighlights #ProfitAndLoss #InvestmentInsights #MarketTrends #IndianShares #EconomicUpdate #

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www.polymerupdate.com *Weak price trend impacts margins in the chemicals and petrochemicals sector* The Indian chemical industry recorded an average revenue growth of 4 percent year-on-year (yoy) in the April-June 2024 quarter, largely driven by the specialty chemicals segment where volumes increased despite weak prices trend. However, profit margins within the chemical sector remained subdued at around 13.5 percent yoy during the same quarter, due to declining margins in the commodity and agrochemical segments, according to India Ratings and Research in its second edition of its report titled ‘Chemical Insights Report.’ Please open link to read full article: https://bit.ly/3AMss3p www.polymerupdate.com

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Redistributing legacy wealth may sound nonsense, but redistributing legacy Carbon Credits definitely seems logical. In 1858 United Kingdom alone emitted 136 Million Ton CO2equivalent against 421k.t of India, which was also spent on colonial industry expansion. The site gives an exact picture on how real Climate culprits are kicking away the growth ladders for developing nations. Go to the link below and see for yourself the CO2 emissions dating back to 1857 for the whole world. The History of Carbon Dioxide Emissions | World Resources Institute (wri.org)

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Indian Carbon Market: A Brief outlook at Offsetting and the Road Ahead The establishment of the Carbon Border Adjustment Mechanism (CBAM) by the EU in Oct 2023, has triggered significant developments in the Indian carbon market. With CBAM placing a carbon price on imported goods, India is poised to open its own emissions trading scheme, creating a robust framework for carbon offsetting. Latest Developments: ⚙ Market Formation: The Indian government is actively working on designing a domestic carbon trading scheme, the Carbon Credits Trading Scheme (CCTS).This scheme is expected to be operational in the near future, potentially starting with a pilot phase focusing on specific sectors. ⚙ Function: The scheme sets GHG emission intensity reduction targets for specific sectors. Entities exceeding these limits will need to purchase carbon credits from entities that perform better or have implemented reduction projects. Benefits: 📊 Incentivises Emission Reduction: Companies with high emissions have a financial reason to invest in cleaner technologies and processes. 📊 Market Efficiency: The trading of carbon credits allows companies that can reduce emissions more quickly and efficiently to benefit. 📊 Price Discovery: The trading activity establishes a market price for carbon, reflecting its environmental cost. 📊 Offset Project Growth: Anticipating the market launch, there's a surge in the development of offset projects in India. These projects encompass renewable energy generation, and waste management initiatives. 📊 Increased Transparency: Regulatory bodies are emphasising robust monitoring, reporting, and verification (MRV) protocols to ensure the credibility of offset projects and prevent greenwashing. The Way Forward: ♻ Market Design: A well-designed carbon market with clear pricing signals and accessible participation pathways for businesses will be crucial. ♻ Offset Quality: Ensuring the environmental integrity and social responsibility of emission reductions is essential to maintain market trust and effectiveness. ♻ Ethical Considerations: Offsetting alone should not be seen as a replacement for ambitious emissions reduction strategies. Businesses need to focus on internal decarbonisation efforts alongside responsible offsetting. The Indian carbon market holds immense potential to drive sustainable growth and achieve climate goals. By addressing concerns regarding market design, offset quality, and ethical considerations, India can create a framework that fosters innovation, transparency, and a responsible transition to a low-carbon future. The ultimate goal of the CCTS is to create a comprehensive market mechanism that tackles emissions across various sectors. The initial industrial focus is a strategic first step towards achieving this objective. #indiancarbonmarket #carbonoffsetting #ghg #carbonmanagement #aurovilleconsulting #carbonreduction #carbonstock #carbontrading #carbonprice #cbam #importexport #india

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As the government aims to boost #EthanolProduction, the industry is seeking an increase in ethanol prices and a stable long-term policy on #EthanolBlending. The government views the ethanol blending programme as crucial for meeting #GreenEnergy commitments and enhancing the financial stability of #SugarMills. Read More🔗 https://lnkd.in/gqEVEqBV #Biofuel #EthanolPricing #RenewableEnergy #SustainableFuels #EthanolPolicy #CleanEnergy #Innovation #SugarCane #CaneJuice #EnergyTransition #India #EthanolCapacity #ClimateAction #ChiniMandi  Ministry of Petroleum and Natural Gas Govt of India | Hardeep Singh Puri | Sanjeev Chopra

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Shiv Texchem IPO IPO Size: ₹101 crore Price Band: ₹158 to ₹166 per share Lot Size: 800 shares The company imports and distributes hydrocarbon-based chemicals of the Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates product family, which are important raw materials and feedstocks for a wide range of industries such as paints and coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals. Will you subscribe? #IPOalert

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www.polymerupdate.com *Reliance Industries’ O2C business arrests the decline in consolidated net profit during the January-March 2024 quarter* A double-digit growth in revenue from the Oil-to-Chemicals (O2C) business arrested the decline in Mukesh Ambani-controlled Reliance Industries Ltd (RIL’s) net profit for the January-March 2024 quarter. The multi-faceted business conglomerate, RIL, reported a flat growth in its consolidated net profit for the January-March 2024 quarter due to rising taxes, showing a marginal growth of 0.1 percent. However, net profit attributable to the owners of the company posted a 1.8 percent decline in the January-March 2024 quarter, with the multi-business company announcing a Rs 10 per share dividend. Please open link to read full article: https://bit.ly/3JrSSsx www.polymerupdate.com

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www.polymerupdate.com *India’s CPI hits a nine-month high of 5.49% in September due to soaring food prices* India’s retail inflation measured by the Consumer Price Index (CPI), reached a nine-month high of 5.49 percent in September due to a sharp rise in food prices. The increase follows a deep decline in retail inflation to 3.65 percent in August 2024, the lowest level in five years. The September inflation marks the CPI exceeding the Reserve Bank of India’s (RBI’s) comfort target of 4 percent. Please open link to read full article: https://bit.ly/3BGMEEi www.polymerupdate.com

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IndianOil forms JV with EverEnviro to boost biofuel adoption in India IndianOil has announced a 50-50 joint venture company with EverEnviro Resource Management focused on advancing the use of biofuels across India. Santanu Gupta, Executive Director (Alternative Energy) at IndianOil, and Mahesh Girdhar, MD & CEO of EverEnviro, signed the agreement. The venture will focus on deploying biogas technologies to convert organic waste into Compressed Biogas (CBG), offering a cleaner, renewable energy alternative. The initiative aligns with IndianOil’s long-term sustainability strategy, supporting India’s goal to achieve net-zero emissions by 2070. Investment in Compressed Biogas not only reduces greenhouse gas emissions but also enhances energy security by reducing reliance on imported fossil fuels, while creating local employment opportunities, particularly in rural areas.Indian Oil Corp Limited EverEnviro Resource Management Private Limited

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Paradeep Phosphates has recently updated their ESG Profile: https://shorturl.at/flAVW #ESG #ESGWorld #ESGProfile #Sustainability #ESGIndia #sustainableindia #ParadeepPhosphates

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www.polymerupdate.com *India’s Wholesale Price Inflation rises to 1.84% in September amid sharp surge in food prices, sluggish IIP in August* India’s bulk inflation measured by the Wholesale Price Index (WPI), registered a slight increase to 1.84 percent in September 2024, driven by a substantial surge in food prices. The WPI-based inflation does not directly influence the Reserve Bank of India’s (RBI’s) interest rate decisions, these figures have a lagged effect on the Consumer Price Index (CPI) by two to three months. The WPI for August 2023 was reported at 1.31 percent. Please open link to read full article: https://bit.ly/3Ynye4Y www.polymerupdate.com

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The powerful #steel lobby is looking for more protection from the imports of #Chinese steel. And the top ministers are lining up to assure them of steps being planned. But none seem to bother about the increase in input cost that would effect the #MSMEs. #MSMEs say that they are forced to import steel since these large companies are not willing to supply steel to them. The local market is not attractive for large players and that is a pain point for the #small Industries. Why does it have to be a choice between Chinese imports and a domestic monopoly ? Read to know how powerful steel lobby and politicians are ignoring the interests of MSMEs.

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#US #Department of #Commerce has imposed new tariff duties of up to #whooping 165.04%on #crystalline #silicon #photovoltaic (PV) solar imports from #China and #Taiwan. This decision was made after finding that panels were being sold too cheaply in the U.S. market. Additionally, it's worth noting that AD/CVD tariffs for U.S.-imported solar components from #Vietnam, #Malaysia, #Thailand, and #Cambodia have been paused since 2022. If they resume, tariffs ranging from 50% to 250% of the cost of shipped goods would apply to components from China found to have been dumped in these Southeast Asian nations for import to the United States. https://lnkd.in/d6f9nFqi. https://lnkd.in/dYPGFyzN

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How to set up a Bio Gas CBG / CNG Plant explained by Expert Sri Madhav Hebbar, Bengaluru. https://lnkd.in/gb6Gm7Vi

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