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Latest news about Neogen Chemicals

Neogen Chemicals Forms Strategic Joint Venture for Lithium-Ion Battery Material Production Sep 01, 2025

Neogen Chemicals' subsidiary, Neogen Ionics Limited, has entered a joint venture with Morita Investment Limited to produce LiPF₆ salt for lithium-ion batteries. The new entity, Neogen Morita New Materials Limited, will be 80% owned by Neogen Ionics and 20% by Morita Investment. The manufacturing facility will be located in Gujarat, India, combining Neogen's local presence with Morita's 30-year technology expertise. This partnership aims to enhance LiPF₆ production efficiency and marks one of the first Indo-Japanese collaborations in the lithium-ion battery materials sector.

Neogen Chemicals Secures Rs 200 Crore Through Private Placement of NCDs Aug 12, 2025

Neogen Chemicals Reports 4% Revenue Growth in Q1 FY26 Despite Dahej Plant Fire Impact Aug 07, 2025

Neogen Chemicals Announces Leadership Transition and Q1 FY2026 Results Aug 02, 2025

Neogen Chemicals Expands into Lithium-Ion Battery Materials Market with New Subsidiary Jul 31, 2025

More news about Neogen Chemicals

16Jul 25

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

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.

12Jul 25

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

Neogen Chemicals Limited's Board of Directors has approved raising up to ₹200 crore through the issuance of Non-Convertible Debentures (NCDs) via private placement. The NCDs will be secured, listed on BSE, and have a 36-month tenure with monthly interest payments. The company also addressed recent regulatory compliance issues, paying a fine of ₹3,61,080 to BSE for non-compliance with SEBI Listing Regulations regarding the approval process for Non-Executive Directors over 75 years old.

09Jul 25

Neogen Chemicals Announces Plans to Raise Funds via Non-Convertible Debentures

Neogen Chemicals, a key player in the chemical industry, has announced its intention to issue Non-Convertible Debentures (NCDs) to strengthen its financial position. NCDs are fixed-income debt instruments that allow companies to borrow money without diluting shareholder equity. While specific details are undisclosed, the funds raised could potentially be used for expansion plans, debt refinancing, working capital enhancement, or research and development investments. This move signals Neogen Chemicals' proactive approach to capital raising and strategic financial planning.

02Jul 25

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

India has initiated an anti-dumping investigation into Bromine OTBN imports from China. The probe aims to determine if Chinese manufacturers are selling the chemical at unfairly low prices in India. This investigation could significantly impact Neogen Chemicals, a key player in the Indian chemical industry. If dumping is confirmed and anti-dumping duties are imposed, it could benefit domestic producers like Neogen Chemicals by leveling the playing field in the Bromine OTBN market.

20May 25

Neogen Chemicals Expands into Lithium-Ion Battery Materials Amid Fire Incident Setback

Neogen Chemicals is entering the lithium-ion battery material segment for growth while managing the aftermath of a significant fire at one of its facilities. The fire caused an estimated inventory loss of Rs 160-180 crores, with a replacement value of Rs 200-225 crores. The company plans to fully capitalize the replacement value, indicating a commitment to swift recovery. Despite the setback, Neogen's expansion into battery materials aligns with the growing demand for electric vehicles and renewable energy storage solutions.

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.