Page 132 - CW E-Magazine (31-10-2023)

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SPECIALITY CHEMICALS

Rossari announces expansion of ethoxylation facility

at Unitop Dahej facility

Rossari Biotech Ltd. (Rossari), a to expand by an additional 30,000-tpa and EBITDA margin stood at 13.2%
specialty-chemicals manufacturer, has MTPA to meet anticipated future (13.3%). Profi t after tax (PAT) stood
announced an expansion of ethoxyla- demand,” said a joint statement issued at Rs. 32.9-crore (Rs. 23.9-crore).
tion capacity at the Dahej facility of by Mr. Edward Menezes, Promoter &
Unitop Chemicals Pvt. Ltd. Executive Chairman, and Mr. Sunil “The fl ag bearers for this strong per-
Chari, Promoter & Managing Director. formance were our core HPPC and TSC
The facility is slated for an expan- division. While HPPC grew by 21%,
sion to introduce a 20,000-tpa capacity Ethoxylates are used in a variety of TSC was up 5% in revenue as com-
dedicated to products related to home industries, including agrochemicals, pared to the corresponding quarter in
and personal care products and pro- home & personal care, oil & gas and the previous year. In the AHN division,
ducing ingredients for subsidiary com- pharma sectors. we witnessed subdued performance
panies. The project is anticipated to due to seasonal softness in demand.
entail an investment of Rs. 128-crore, Q2 FY24 results
and is expected to be commissioned Meanwhile, Rossari Biotech has After encountering certain chal-
by Q3 FY25. It will be funded through announced its fi nancial results for the lenges in the previous year, we are en-
a blend of company internal accruals quarter ended September 30, 2023. couraged to observe renewed momen-
and external borrowings. Revenue from operations stood at tum in our core HPPC offerings during
Rs. 483.5-crore, as against Rs. 425.4- the quarter. This positive trajectory
“With the existing 36,000-tpa ethoxy- crore in the comparable period of the highlights the efforts put in by our team
lation capacity operating at optimal previous year, while EBITDA was to drive growth in a challenging operat-
utilization levels, the company is set at Rs. 63.6-crore (Rs. 56.5-crore), ing environment,” the statement added.

GREENING OF TRANSPORT
Tata Motors unveils R&D facilities for hydrogen

propulsion technologies

Tata Motors, India’s largest auto- potential of hydrogen as a clean energy nation’s future forward,” said Mr. Girish
mobile company, has unveiled two source, the company said in a media Wagh, Executive Director, Tata Motors.
state-of-the-art & new-age R&D faci- release. “Tata Motors has been leading
lities for meeting its mission of offering the global megatrend of sustainable, con- Tata Motors had showcased one of
sustainable mobility solutions. nected and safer mobility in India. We the widest range of commercial vehicle
believe hydrogen to be the fuel of the concepts at ‘Auto Expo 2023’ earlier
The unveiling consists of an engine future, especially for commercial vehi- this year. It included the fl agship Prima
test cell for the development of a cles. With the opening of this dedicated tractor, a heavy commercial vehicle
hydrogen internal combustion engine R&D facility to develop and indigenise in two avatars: one with a H2ICE and
(H2ICE) and the necessary infrastruc- hydrogen propulsion technology, we other with fuel cell technology along
ture for the storage and dispensing are entering a new era of technological with the next generation hydrogen fuel
of hydrogen fuel for the fuel cell and innovations and advancements in green cell bus. On 25th September, 2023
H2ICE vehicles. mobility. Tata Motors delivered two fi rst-of-its-
kind, technologically advanced, safer,
These facilities are yet another step The resulting benefits from an new-generation hydrogen fuel cell
forward from the company towards car- altogether new class of powertrains and powered buses to Indian Oil Corporation
bon neutrality while tapping the strong engines will take our customers and our as part of a tender bagged in 2021.

132 Chemical Weekly October 31, 2023

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