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Strong hotel demand and limited new supply are prompting operators to secure land and development rights in prime markets. View More
Private equity mogul Chuck Esserman has made headlines by purchasing a lavish mansion in San Francisco for $45 million, making it the most expensive home sale in the city for 2025. Formerly owned by Oracle co-founder Larry Ellison, who bought it for just $3.9 million 37 years ago, the estate boasts stunning renovations and breathtaking views of the Golden Gate Bridge, reflecting its rich legacy. View More
In a prolonged conflict stemming from years of camaraderie, two families in Louisiana found themselves locked in a bitter legal battle regarding their property lines. The Colvins asserted ownership over a disputed 70-foot timberland strip, triggering rising tensions. Ultimately, the court sided with the Joneses, affirming the original boundary marked by an aged fence while ordering the Colvins to halt disruptive actions and compensate for damages. View More
Taxpayers with nil estimated tax liability can avoid TDS on certain incomes by submitting a declaration to the payer. Here’s who can submit Form 121, which incomes are covered, what details are required and what the payer must do after receiving it. View More
Selling a house, land, shares, mutual funds or other capital assets can trigger capital gains tax. The Income-tax Act provides nine exemptions under Sections 54 to 54GB if the gains or sale proceeds are reinvested in specified assets within prescribed timelines. View More
Epigral is planning a target revenue of ?5000 crore by 2030-31, aided by upcoming production scale-ups in CPVC Resin and Epichlorohyrdin (ECH). The company expects to reach Rs 2,900 crore in revenue this fiscal year following revenue of Rs 2,500-2,530 crore in 2026. Capacity expansions for CPVC Resin and ECH will commence soon, contributing partially this year and more significantly in the next fiscal year. View More
Mumbai: Specialty chemicals manufacturer Epigral is targeting revenue of Rs 5,000 crore by 2030-31, driven by upcoming production scale-ups in CPVC Resin and Epichlorohydrin (ECH), a senior company executive said. The company expects to reach Rs 2,900 crore in revenue this fiscal year following revenue of Rs 2,500-2,530 crore in 2026. "In FY26, we ended with around Rs 2,500-2,530 crore of revenue, and at the current pace of growth, we expect around Rs 2,900 crore this financial year. Read more: India's first port-based e-Methanol production facility to produce and supply green fuel to ships "The capacity increase in production of CPVC Resin and ECH will start adding to the revenue from next year. Therefore, we are expecting to double our revenue to around Rs 5,000 crore by 2030-31," Epigral Chairman and Managing Director Maulik Patel told PTI. Live Events The company's CPVC Resin capacity is being doubled from 75,000 TPA to 1,50,000 TPA, while ECH capacity is being doubled from 50,000 TPA to 1,00,000 TPA at the company's existing units in Dahej, Gujarat . "Both capacity expansions are expected to be commissioned within a couple of months. The capex of Rs 650 crore for this phase of capacity expansion of both projects is almost over and they will begin contributing to the topline partially this year, more meaningfully from the next financial year. The capex for both projects was raised entirely through internal accruals," he added. Read more: Tender floated to import 1.7 mt urea ahead of rabi season Post 2019, the Gujarat-based company with a sizable balance sheet decided to enter products that are more of an import substitute. Epigral entered the Epichlorohydrin (ECH) and CPVC resin businesses in 2022 and has successfully commissioned and operated both plants in Dahej, he said. "To produce import-substitute chemicals, we became the first Indian company to manufacture ECH using a 100 per cent renewable glycerine-based process instead of the crude-oil-based propylene route used in the West -- a deliberately greener product. "We also started manufacturing CPVC resin and have already become India's largest producer; with the doubling of capacity, we will become the world's largest manufacturer in this category," he added. Further, Patel said, Epigral has bought new land at Dahej, close to the existing plant, for an entirely new chemistry line - still in the process of finalising a technology partner, expected to go to the board in another quarter. He described it as import substitution again, similar in category to CPVC and ECH but at a much larger scale -- a molecule where roughly 90 per cent of Indian demand is currently imported. He, however, declined to comment on the capex but estimated it would be more than Rs 1,000 crore. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
A new Rs 2,300 crore e-methanol plant will be established in Kandla to produce green fuel. This plant is a partnership between Deendayal Port Authority and Assam Petro-Chemicals, aimed at enhancing cleaner shipping. The project is expected to create over 3,500 jobs and foster a green energy value chain in the region. View More
Guwahati: The Rs 2,300 crore plant is a joint initiative of Deendayal Port Authority (DPA) and Namrup-based Assam Petro-Chemicals Ltd . (APCL), and will be installed in phases, as scalable modules. Phase I of the project will add 50 tonnes per day of capacity at an investment of Rs 1,200 crore, targeted for completion by January 2027, followed by Phase II, which will add a further 100 tonnes per day at an investment of Rs 1,100 crore, targeted for March 2027 — taking the total investment to Rs 2,300 crore. India took a major step toward becoming a green energy exporter as Gujarat Chief Minister Bhupendra Patel, Union Minister of Ports, Shipping and Waterways (MoPSW), Sarbananda Sonowal and Assam's Chief Minister Himanta Biswa Sarma laid the foundation stone for the country's first port-based e-methanol plant at Deendayal Port Authority (DPA) in Kandla. Also read: Tender floated to import 1.7 mt urea ahead of rabi season The 150-tonne-per-day plant will use renewable power, water and biogenic CO2 to produce e-methanol, a green fuel that will enable cleaner shipping, and supply it to vessels plying on the Asia-Europe International Trade Corridor, one of the world's busiest trade routes. Live Events The project positions India as an exporter of green fuel to global shipping. The plant will position India as a global leader in the production and supply of green fuel and will produce green methanol at a much more competitive rate compared to other global producers — just US$750 per tonne, against a global rate of US$1,300 per tonne. The capital contribution between the two partners stands at a ratio of 76:24 between DPA and APCL. DPA's contribution to the project includes equity capital of Rs 567.32 crore, 75 acres of land, desalinated water, and renewable energy in the form of green hydrogen. It shall be amongst the largest e-methanol production facilities in India and shall create more than 3,500 direct and indirect jobs. It shall stimulate the complete green energy value chain in and around Kandla, including transportation, storage, supply and other associated ancillaries involved in production of green molecules. The project supports Prime Minister Narendra Modi's commitment to reach Net Zero emissions by 2070 and will support the implementation of the Prime Minister's mission of Atmanirbharta (self-reliance) in energy, and Make in India, Make for the World, and comes amid a wider push to expand India's maritime sector. The government plans to add 100 new ships to the country's merchant fleet over the next five years and aims to make India one of the world's top five ship-owning nations by 2047. Global shipping major Maersk has also begun ordering containers manufactured in India. As part of Deendayal Port Authority's wider mega port push, the DPA-Cochin Shipyard Limited (CSL) shipbuilding project at Vadinar, worth Rs 1,520 crore, is also underway, alongside a proposed greenfield shipbuilding and repair cluster at Kuchhadi, Porbandar, which has received in-principle approval. Also read: Fertiliser sales slide as poor rains cloud kharif season Sarbananda Sonowal, who represents Dibrugarh in the Lok Sabha, noted that Assam Petrochemicals is based in Namrup in his constituency. "Under Prime Minister Narendra Modi ji's leadership, India is growing faster and greener than ever, and Gujarat is proud to lead that journey," Bhupendra Patel said. "Kutch and the long coastline of Gujarat will now power the world's ships through Kandla. This plant turns our renewable strength into an export and makes Gujarat's coast a gateway for India's green energy to the world." "PM Narendra Modi ji has given India the confidence to lead, not follow," Sarbananda Sonowal said. "Just as India is now building its own ships and containers, it will soon make the clean fuel that powers global trade. In the years ahead, Kandla will become a green-fuel hub on the Singapore–Rotterdam route, and this plant is a model for every major port in the country. It will open skilled careers for our youth and carry India firmly toward net zero by 2070 and in achieving the goals of VIKSIT BHARAT by 2047." "PM Narendra Modi ji has placed the Northeast at the heart of India's growth story, and Assam is repaying that trust with enterprise and ambition," Himanta Biswa Sarma said. "Blessed with the mighty Brahmaputra, abundant sunshine and vast hydropower potential, Assam is ready to become a green energy powerhouse. Today, an Assam company carries that strength from Namrup to Kandla, proving that the Northeast will power India's clean energy future." .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Videos circulating on social media showed students at LPU damaging window panes and flower pots, and even setting some objects on fire. A heavy police force has been deployed at the university, with police stating that the situation is now under control. View More
Balance long-term financial discipline with psychological comfort in making a strategic decision View More