Page 140 - CW E-Magazine (3-9-2024)

INVESTMENT DESTINATION Acetonitrile
Top Stories

N,N,N,N-Tetramethyl Ethylene Diamine
Tamil Nadu CM lays foundation stone for Sembcorp’s

green ammonia plant and Saint-Gobain’s new site
(TMEDA)
Tamil Nadu Chief Minister Mr. M. K. “Tamil Nadu was the pioneer in The complex will feature manufac-
Stalin laid the foundation stone of wind energy; now it is set to be the turing facilities across different Saint-
28 industrial projects with a total pioneer in hydrogen as well. Our Gobain businesses – Glasswool, Gyp-
investment of Rs. 51,157-crore and investment in the state refl ects the deep sum Plasterboards, Plasters, Acoustic
inaugurated 19 additional projects with relationship between India, Singapore Ceilings, Float Glass, Solar Glass,
an investment of Rs. 17,616-crore and Japan,” said Mr. Vipul Thuli, Adhesives, Sealants, Mortars and will
during the ‘Tamil Nadu Investment Chief Executive Offi cer (South Asia), create more than 1,100 direct and indi- DIETHYL HYDROXYLAMINE 85% & 98%
Conclave 2024’ held in Chennai on Hydrogen Business, SembCorp rect employment opportunities.
August 21, 2024. Industries. DEHA 85% & 98%
Mr. B. Santhanam, CEO, Asia Pacifi c
The biggest project was a green The offtake agreement for the and India region and Chairman, Saint-
ammonia plant to be built by Singapore- Singapore-facilitated cross-border export Gobain India said, “The Saint-Gobain
based energy producer Sembcorp of green ammonia from India to Japan World Complex will focus on producing MONO, DI, TRI
Industries for Rs. 36,238-crore. represents the fi rst such collaboration innovative solutions that blend sustain-
between the three nations, the company ability with high performance.
The plant, which is coming up in said in a statement. DIETHYL TOLUAMIDE
the port city of Tuticorin, will export We are glad to partner with Tamil DEET
zero-emission fuel to Japan and is Earlier this year, Sembcorp had Nadu in setting up this one-of-a-kind
expecting to produce 200,000 tonnes signed an MoU during the Tamil Nadu Saint-Gobain World Complex. Our cur-
of green ammonia per annum. Global Investors Meet (TNGIM) 2024 rent commitment of Rs. 3,400-crores
for establishing the facility. in Tamil Nadu will increase our total
The company said in a statement investment in the state to over
that Nippon Yusen Kabushiki Kaisha Saint-Gobain’s world complex Rs. 8,000-crores, representing more
will oversee the maritime transporta- During the conclave, the CM also than 50% of our overall investment
tion of green ammonia from India to laid the foundation stone for Saint- in India.”
Japan. The deal was signed between Gobain’s new site in Oragadam,
Sembcorp Green Hydrogen Pte Ltd., Chennai. This site, poised to The complex will progressively
Kyushu Electric Power Company, become the Saint-Gobain World house multiple manufacturing lines
Sojitz Corporation and Nippon Yusen Complex, is spread over 122 acres starting with the Insulation line, fol-
Kabushiki Kaisha to build and export and is the fi rst phase of the MoU lowed by the Gypsum Plasterboards in
the gas. The front-end engineering and signed with the Government of the next 6 months, bringing two new
design work for the plant has com- Tamil Nadu committing an investment businesses of Saint-Gobain to Tamil
menced. of Rs. 3,400-crores. Nadu.

Murugappa Group reports 15% rise in FY2023-24

net profi t

The Murugappa Group has announced increase of 5 percent, reaching grew by 11 percent to Rs. 11,554-crore,
its fi nancial results for FY24, reporting Rs. 77,881-crore in FY24, up from compared to Rs. 10,426-crore in FY23.
a 15.2 percent increase in profi t after Rs. 74,220-crore in the previous fi scal The market capitalisation of the nine
tax (PAT) to Rs. 7,885-crore, compared year. listed companies under the Murugappa STAR EXPORT HOUSE
to Rs. 6,846-crore in FY23. Group totalled Rs. 3,44,626-crore as of GOVERNMENT RECOGNISED
Earnings Before Interest, Taxes, De- March 31, 2024, a signifi cant rise from
The Group’s turnover reported an preciation, and Amortisation (EBITDA) Rs. 2,25,320-crore as of March 31, 2023.

140 Chemical Weekly September 3, 2024

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