PCBL Sets Up US Subsidiary to Expand Global Presence
ECONOMY & POLICY

PCBL Sets Up US Subsidiary to Expand Global Presence

PCBL Chemical Ltd has established a wholly owned subsidiary in the United States as part of its strategy to expand its global footprint and strengthen its position in the North American market, the company said in a regulatory filing on Monday.
The new entity, PCBL Chemical USA Inc, has been incorporated under the laws of Delaware and is expected to provide strategic access to key markets, ensure closer proximity to customers, and offer greater insight into the region’s regulatory and incentive frameworks.
According to the RP-Sanjiv Goenka Group firm, localising supply chains for carbon black and speciality chemicals is a critical step in reinforcing PCBL’s status as a global player. Earlier this month, PCBL subsidiary Nanovace Technologies Ltd secured a US patent for its proprietary nanomaterial method used in next-generation energy storage technologies.
For the quarter ended 30 June, PCBL Chemical Ltd reported a 19.7 per cent year-on-year decline in consolidated net profit to Rs 940 million, down from Rs 1.179 billion in the same quarter last year. Revenue from operations dipped slightly to Rs 21.14 billion from Rs 21.43 billion.
Revenue from carbon black stood at Rs 16.64 billion for the quarter, compared to Rs 17.34 billion in the previous year. 

PCBL Chemical Ltd has established a wholly owned subsidiary in the United States as part of its strategy to expand its global footprint and strengthen its position in the North American market, the company said in a regulatory filing on Monday.The new entity, PCBL Chemical USA Inc, has been incorporated under the laws of Delaware and is expected to provide strategic access to key markets, ensure closer proximity to customers, and offer greater insight into the region’s regulatory and incentive frameworks.According to the RP-Sanjiv Goenka Group firm, localising supply chains for carbon black and speciality chemicals is a critical step in reinforcing PCBL’s status as a global player. Earlier this month, PCBL subsidiary Nanovace Technologies Ltd secured a US patent for its proprietary nanomaterial method used in next-generation energy storage technologies.For the quarter ended 30 June, PCBL Chemical Ltd reported a 19.7 per cent year-on-year decline in consolidated net profit to Rs 940 million, down from Rs 1.179 billion in the same quarter last year. Revenue from operations dipped slightly to Rs 21.14 billion from Rs 21.43 billion.Revenue from carbon black stood at Rs 16.64 billion for the quarter, compared to Rs 17.34 billion in the previous year. 

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?