Latest news with #StateEnvironmentImpactAssessmentAuthority
India.com
13-06-2025
- Business
- India.com
THIS company's shares gain amdi rising tensions in the Middle East
सेफ इंवेस्टमेंट का भी करें इंतजाम Sigachi Industries shares traded in the green on Friday, June 13, 2025, despite equity benchmark indices Sensex and Nifty falling in early trade amdi rising tensions in the Middle East. The stock opened at Rs 56.50 against the previous close of Rs 57.44 on the BSE. It dipped further to touch the low of Rs 56.01. However, the counter rebounded to hit an intraday high of Rs 58.44 – a gain of 1.74 per cent. Last seen, the counter was trading at Rs 57.59 on the BSE, with a gain of 0.26 per cent from the previous close. On the NSE, the counter started the session flat and opened at Rs 57.45. The counter hit an intraday high of Rs 58.45. At the time of writing the story, around 1.51 lakh shares had changed hands. This is lower than the two-week average volume of 4.54 lakh. Company Shares Update On Its Facility In Kurnool District Meanwhile, the company has informed exchanges that it has received a Terms of Reference (ToR) approval from the State Environment Impact Assessment Authority (SEIAA), Andhra Pradesh, for its upcoming bulk drugs,drug intermediates, and specialty chemicals facility at Orvakal, Kurnool District. According to the company, the project will be instrumental in: – Enhancing the company's API manufacturing capacity and global reach. – Supporting pipeline expansion for regulated and semi-regulated markets. – Establishing a strategically located facility with export potential. – Contributing to 'Make in India' through world-class infrastructure and sustainable practices. Share Price History According to BSE Analytics, the stock has given a multibagger return of 139 per cent over five years, providing a clear picture of the company's financial standing. However, the return given by it in one year is just 5.47 per cent, and it has corrected 1.36 per cent in six months.
Business Standard
13-06-2025
- Business
- Business Standard
Sigachi Industries rises after securing ToR nod from SEIAA Andhra Pradesh
Sigachi Industries added 1.15% to Rs 58.10 after the firm informed that it has secured the Terms of Reference (ToR) approval from the State Environment Impact Assessment Authority (SEIAA), Andhra Pradesh. This key approval is for its upcoming manufacturing facility dedicated to Bulk Drugs, Drug Intermediates, and Specialty Chemicals, including Active Pharmaceutical Ingredients (APIs), to be established at Orvakal in Kurnool District, Andhra Pradesh. This strategic project is proposed over 25.09 acres at Plot No. A-10, Guttapadu-Orvakal Node. The facility falls under Category B1, aligned with Schedule 5(f) of the EIA Notification, 2006, applicable to the Synthetic Organic Chemicals sector. The Environmental Clearance (EC) process for the upcoming facility is set to begin on 15 July 2025, with project development activities scheduled to commence from 1 August 2025. The project is expected to be instrumental in enhancing the companys API manufacturing capacity and strengthening its global presence. It will support the expansion of the product pipeline across regulated and semi-regulated markets, while also establishing a strategically located facility with strong export potential. Additionally, the project aligns with the Make in India initiative, promoting world-class infrastructure and sustainable manufacturing practices. Commenting on this development, Amit Raj Sinha, managing director and CEO of Sigachi Industries stated - This is a significant milestone in our journey to become a vertically integrated pharmaceutical manufacturing company. The Orvakal project will anchor our next phase of growth in APIs and specialty chemicals, helping us create scalable, sustainable, and compliant operations for global markets. At Sigachi, we are strategically positioning ourselves to cater to increasing global demand by building capacity closer to key markets and regulatory jurisdictions. The new facility will not only strengthen our product supply chain but also enable faster commercialization, seamless tech transfers, and enhanced responsiveness to evolving customer requirements. Telangana-based Sigachi Industries is engaged in the manufacturing of microcrystalline cellulose (MCC), which is widely used in the pharmaceutical, food, beverage, cosmetic, and paint industries. The most common uses of MCC are in vitamin supplements and tablets. It also acts as a bulking agent in food production. MCC is produced from refined wood pulp, which is imported by the company. The companys consolidated net profit tanked 11.8% to Rs 13.27 crore despite 23.1% rise in revenue from operations to Rs 128.20 crore in Q4 FY25 over Q4 FY24.
Business Standard
13-06-2025
- Business
- Business Standard
Sigachi Industries update on its upcoming Orvakal project
Sigachi Industries has received the Terms of Reference (ToR) from the State Environment Impact Assessment Authority (SEIAA), Andhra Pradesh for its upcoming Bulk Drugs, Drug Intermediates, and Specialty Chemicals facility at Orvakal, Kurnool District. This strategic project is proposed over 25.09 acres at Plot No. A-10, Guttapadu-Orvakal Node. The facility falls under Category B1, aligned with Schedule 5(f) of the EIA Notification, 2006, applicable to the Synthetic Organic Chemicals sector. With the Terms of Reference now in place, the Environmental Clearance (EC) process is set to commence from 15th July 2025, followed by project development activities beginning from 1st August 2025.
Mint
13-06-2025
- Business
- Mint
Sigachi Industries share price inches higher despite stock market crash
Small-cap pharma stock Sigachi Industries witnessed a decent gain of about 2 per cent in morning trade on the BSE on Friday, June 13, despite the stock market crash. Sigachi Industries' share price opened at ₹ 56.50 against its previous close of ₹ 57.44 and rose 1.74 per cent to an intraday high of ₹ 58.44. On the other hand, equity benchmark Sensex crashed more than 1,300 points during the session. The stock rose after the company announced it had received the official guidelines from the State Environment Impact Assessment Authority (SEIAA), Andhra Pradesh, for its facility in the Kurnool district. "Sigachi Industries, a leading player in pharmaceutical excipients and active ingredients, has received the Terms of Reference (ToR) from the State Environment Impact Assessment Authority (SEIAA), Andhra Pradesh for its upcoming bulk drugs, drug intermediates, and speciality chemicals facility at Orvakal, Kurnool District," the company said in an exchange filing on June 13. With the Terms of Reference now in place, the environmental clearance (EC) process is set to commence from 15th July 2025, followed by project development activities beginning from 1st August 2025, the company said. According to the company, the project will be instrumental in enhancing the company's API manufacturing capacity and global reach, supporting pipeline expansion for regulated and semi-regulated markets and establishing a strategically located facility with export potential. It will also contribute to 'Make in India' through world-class infrastructure and sustainable practices, the company added. "This is a significant milestone in our journey to become a vertically integrated pharmaceutical manufacturing company. The Orvakal project will anchor our next phase of growth in APIs and speciality chemicals, helping us create scalable, sustainable, and compliant operations for global markets," said Amit Raj Sinha, Managing Director and CEO of Sigachi Industries. "At Sigachi, we are strategically positioning ourselves to cater to increasing global demand by building capacity closer to key markets and regulatory jurisdictions. The new facility will not only strengthen our product supply chain but also enable faster commercialisation, seamless tech transfers, and enhanced responsiveness to evolving customer requirements,' Sinha said. (This is a developing story. Please check back for fresh updates.)
Time of India
04-06-2025
- Business
- Time of India
Environmentalist raise concern about increasing plastic waste in urban areas
1 2 3 P atna: With the state progressing on the path of economic development, rapid urbanisation, marked by population growth, has also given rise to a serious environmental concern. While air and water pollution are nowhere to go, environmentalists, ahead of World Environment Day, observed on June 5, have raised concern about an increase in plastic waste at an alarming rate in the state. Bihar State Pollution Control Board's former chairman Ashok Kumar Ghosh said India's per capita plastic consumption has grown to approximately 11kg per year, and this is expected to rise further with increasing industrialisation and consumerism. This year's theme 'Beat the plastic pollution' assumes significance with environmentalists raising concern about urban areas, where the demand for single-use plastics has risen drastically, notwithstanding the govt ban on its use. If current trends continue, by 2050 the plastic industry could account for 20% of the world's total oil consumption as according to Ghosh, more than 99% of plastics are produced from chemicals derived from oil, natural gas and coal — all non-renewable resources. He said plastic generally degrades in about 500 to 1,000 years, though we may never know its actual degradation time, as this material has been in use only since the last century. Plastic discarded in soil or water bodies physically break to form microplastics and nanoplastics, depending on their size. They enter food chain and finally in human body, leading to many health issues, including cancer. During its manufacture, many hazardous chemicals are emitted that can lead to several other dreadful diseases in humans as well as animals. Ethylene oxide, xylene and benzene are some of the chemical toxins present in plastic, which can have hazardous effects on environment. Patna University geology teacher and former chairman of State Environment Impact Assessment Authority, Atul Aditya Pandey, said that the menace of plastic has now reached even to the depth of ocean basin. There are reports of microorganisms being adversely affected by the micro plastics. "Nowadays even cow milk is found to contain microplastics. Human health is directly affected by the ever increasing use of plastics. A firm administrative control on production and distribution of plastics and mass awareness campaign can only beat the plastic pollution," he said. Environmentalist Mehta Nagendra Singh said that India's waste management infrastructure has not evolved to handle the growing volume of plastic waste. An estimated 77% of the waste generated in Indian cities is dumped into open landfills without being treated. Only 60% of the plastic waste generated is recycled, and this is often done inefficiently in the informal sector, he said. To check the use of plastics, Singh suggested that people should be motivated to start using paper or cloth bags for shopping and other purposes as much as possible. Use of omnipresent plastic bottles for drinking water must be discouraged at public meetings or markets, he added.
