Page 138 - CW E-Magazine (5-8-2025)

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FINANCIAL PERFORMANCE
PCBL Chemical posts lower Q1 net profi t

Kolkata-based carbon black manu- what elevated level. This is refl ected in The company said between all the
facturer, PCBL Chemical, has reported the pricing environment. Despite this businesses, on an average, its capital ex-
around 20 percent year-on-year decline backdrop, PCBL Chemical delivered penditure plan is around Rs. 600-crore
in its consolidated net profi t to a steady and stable performance in Q1, every year in the next couple of years.
Rs. 94.10-crore for the fi rst quarter this marked by volume growth across key
fi scal, due to weak global macroeco- business segments.” Subsidiary gets US patent
nomic scenario and elevated levels of Nanovace Technologies, a sub-
dumping into the country. On the company’s carbon black sidiary of PCBL Chemical, has been
project, Mr. Roy said the fi rst phase of granted a process patent by the United
The company, part of RP-Sanjiv the company’s brownfi eld expansion of States Patent Offi ce for its proprietary
Goenka Group, had posted a net profi t 30,000-tpa at PCBL (TN) Ltd., a wholly- method of developing nanomaterials
of Rs. 117.92-crore for the fi rst quar- owned subsidiary, in Chennai, has com- designed for next-generation energy
ter last fi scal. Its revenue from opera- menced its trial run and will be com- storage technologies.
tions witnessed a 1.38 per cent y-o-y missioned soon. “The second phase,
fall at Rs. 2,114.05-crore for Q1FY26 comprising an additional 60,000-tpa, “This breakthrough patent repre-
compared to Rs. 2,143.56-crore for along with 12 megawatt green-power sents a signifi cant milestone in our
Q1FY25, according to a stock ex- capacity will be commissioned by the R&D efforts and strengthens our intel-
change fi ling. end of this fi nancial year,” he said. lectual property portfolio in the energy
storage domain. The grant of this patent
Investment plans The company is in the process of not only validates our technological in-
During the Q1FY26 earnings call, completing the acquisition of 115 acres novation but also opens new avenues
Kaushik Roy, Managing Director & of land at Naidupeta in Andhra Pradesh for strategic partnerships, licensing
CEO, said, “Amid rising global un- for a greenfi eld carbon black project. opportunities, and potential commerciali-
certainties, including the Iran-Israel “Capex at this site is expected to com- sation in global markets. Well proven
confl ict, India-Pakistan tension and mence once we obtain environmental at lab scale, Nanovace Technologies is
escalating tariff rates from the US, clearance in this year,” he said. now building a pilot plant, to be ready
macroeconomic pressures continue to by Q3-FY26, to demonstrate successful
affect global sentiment. While inten- PCBL Chemical is on track to industrialisation of the technology,” the
sity of dumping into the Indian market achieve its target capacity of over company informed in a stock exchange
has moderated, it remains at a some- 1-mtpa by FY28, Mr. Roy added. fi ling.

GREENFIELD PROJECT
Integrated green hydrogen-ammonia project to be

set up at Machilipatnam

JK Srivastava & Hynfra (JKSH) Ltd. an initial investment of Rs. 35,000-crore, The project was initially planned
is set to establish a 150-ktpa hydrogen is expected to facilitate employment for Visakhapatnam but was shifted
and 600-ktpa green ammonia project opportunities for around 10,000 people. to Krishna district, mainly due to the
at Machilipatnam, Andhra Pradesh. availability of a sizeable land bank at
A Memorandum of Understanding the site. The presence of Machilipatnam
The project will be 100% reliant on (MoU) was recently inked between port was also a signifi cant factor.
renewable energy, specifi cally solar and JKSH and New and Renewable Energy
wind power, supported by battery stor- Development Corporation of Andhra This project follows earlier inte-
age and advanced energy management Pradesh Ltd. (NREDCAP) in the pre- rest from Bharat Petroleum Corporation
systems, and is slated to commence sence of Chief Minister Nara Chandra- Ltd. (BPCL) for establishing a refi nery-
operations by 2029. This project, with babu Naidu. petrochemical complex in the area.

138 Chemical Weekly August 5, 2025

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