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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Manali Petrochemicals to restart Chennai plant operations
By BL Chennai Bureau · 2026-04-21 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Manali Petrochemicals said on Monday that it is set to restart operations at Plant - 1 in Manali, Chennai.  

The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, Government of India, has allocated a fixed quantity per day of propylene to Manali Petrochemicals Limited, to be supplied by Chennai Petroleum Corporation Limited (CPCL), Chennai, the company said in a filing to the exchanges. 

In view of the aforesaid propylene allocation and the expected resumption of feedstock supply from CPCL pursuant to the Revised OM, the company will commence the process of restarting operations at Plant-1, Manali, Chennai, it added. 

Operations at Plant-1 are expected to resume in a phased manne rupon receipt of propylene supplies from CPCL.

“The Force Majeure condition that had necessitated the temporary suspension o fPlant-1 operations stands resolved to the extent of the propylene allocation made by the Government of India, Manali Petrochem noted. 

MPL had temporarily suspended operations at one of its plants in Chennai in March after CPCL stopped supplying propylene with immediate effect, citing a directive from the Ministry of Petroleum and Natural Gas (MoPNG).

Propylene is the primary and indispensable feedstock for MPL’s manufacturing operations, and the company sources it exclusively from CPCL.

Published on April 21, 2026