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NEW YORK, May 25, 2021 /PRNewswire/ As per a study by Fact MR, the global vinyl sulfone market is forecast to surpass the valuation of US$ 1.2 Bn by the end of 2021. According to the study, vinyl sulfone is an essential reagent for manufacturing of reactive dies and die intermediates. It is also important for biomedical industry for its ability to irreversible halt some types of cysteine proteases. Such versatility of vinyl sulfone in terms of application is boosting the market growth. Unstable government policies regarding the safety and us of vinyl sulfone has created a high risk-high reward market in India. Hazardous waste generated after manufacturing of vinyl sulfone is not biodegradable. Thus stringent government policies are introduced to tackle the issue, significantly hurting the market demand.
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In Brief By Kian Ganz
Thursday, 06 May 2021 22:33 Corporate M&A
“Mawana Sugars Ltd has entered into a definitive agreement to sell its non-core business to Bodal Chemicals Ltd, another publicly listed company. Mawana Sugars said it is selling the Punjab-based Siel Chemical Complex in a slump sale for Rs 137 crore (nearly $18.8 million).”, as per the reports by the VC Circle.
Basic materials stocks were trading in the positive zone, with the S&P BSE Basic Materials index rising 70.2 points or 1.5% at 4735.91 at 09:49 IST. Among the components of the S&P BSE Basic Materials index, Tata Steel Ltd (up 4.43%), Kalyani Steels Ltd (up 4.37%),Tata Steel BSL Ltd (up 4.2%),MOIL Ltd (up 3.95%),Tata Steel Long Products Ltd (up 3.81%), were the top gainers. Among the other gainers were Galaxy Surfactants Ltd (up 3.56%), Prakash Industries Ltd (up 3.23%), JSW Steel Ltd (up 3.18%), Hindalco Industries Ltd (up 3.09%), and Sunflag Iron & Steel Company Ltd (up 2.92%). On the other hand, Bodal Chemicals Ltd (down 2.85%), Deepak Fertilizers & Petrochemicals Corp Ltd (down 1.6%), and DCW Ltd (down 1.6%) moved lower.