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Latest news about Neogen Chemicals

Neogen Chemicals Receives ₹300 Crore Insurance Payment for Fire Damage, Estimates 9-12 Months for Reconstruction 10 days ago

Neogen Chemicals has received an additional insurance payment of ₹300 million for the fire incident at its Dahej SEZ facility, bringing the total claim received to ₹800 million. The fire affected the company's Multi-Purpose Plant, warehouse, and tank farms. Neogen has recognized a standalone loss of ₹348.16 crore and expects reconstruction to take 9-12 months. The company has implemented measures to minimize business disruption, including shifting production to other sites and leveraging expansion at the Patancheru Plant.

Neogen Chemicals Board Approves ₹200 Crore Fundraising via NCDs, Faces Regulatory Fine Jul 12, 2025

Neogen Chemicals Announces Plans to Raise Funds via Non-Convertible Debentures Jul 09, 2025

Neogen Chemicals Faces Potential Impact as India Launches Anti-Dumping Probe on Chinese Bromine OTBN Imports Jul 02, 2025

Neogen Chemicals Expands into Lithium-Ion Battery Materials Amid Fire Incident Setback May 20, 2025

More news about Neogen Chemicals

20May 25

Neogen Chemicals Revises Financial Projections, Targets Four-Digit Revenue

Neogen Chemicals has updated its FY26 revenue projection to Rs 775.00-850.00 crores with an EBITDA margin of 17-18%, following a fire incident. For FY27, EBITDA margins are expected between 15-20%. The battery chemicals segment's revenue forecast has been adjusted to Rs 300.00 crores. The company aims for four-digit revenue next year, contingent on securing electrolyte market share and increasing salt volume production. Total capex for Neogen Ionics in the battery space is projected at Rs 1,500.00 crores.

26Mar 25

Neogen Chemicals Invests 200 Million Yen in Japanese Subsidiary to Strengthen Global Presence

Neogen Chemicals Limited has approved an investment of 200 million Japanese Yen (₹11.34 crore) in its wholly-owned Japanese subsidiary, Neogen Chemicals Japan Corporation Limited. The company will acquire 20,000,000 equity shares at 10 Yen each, securing 100% shareholding. This strategic move aims to establish stronger business alliances in Japan, expand the company's footprint in the Japanese specialty chemicals market, and leverage Japan's advanced technological ecosystem in the chemical industry.

25Mar 25

Neogen Chemicals Expands Footprint with ₹1.13 Crore Investment in Japanese Subsidiary

Neogen Chemicals Limited has approved an investment of 200 million Japanese Yen (₹1.13 crore) in its wholly-owned subsidiary, Neogen Chemicals Japan Corporation Limited. The company will acquire 20,00,000 equity shares at 10 JPY each, maintaining 100% ownership. This strategic move aims to strengthen Neogen's presence in the Japanese market and establish business alliances with local chemical companies. The transaction is expected to be completed within 60 days and will be governed by Japanese law.

09Mar 25

Neogen Chemicals Slashes Revenue Forecast Following Dahej Plant Fire

Neogen Chemicals has revised its revenue guidance downward for FY25 and FY26 following a fire at its Dahej plant. FY25 guidance is now ₹765-800 crore, down from ₹800-825 crore, while FY26 guidance is reduced to ₹775-850 crore from ₹950-1,000 crore. The fire damaged critical facilities, including MPP3, tank farms, and a warehouse, with reconstruction estimated to take 9-12 months. Mitigation strategies include shifting production to other sites and expanding the Patancheru plant.