Kanoria Chemicals & Industries Limited (KANORICHEM) is pleased to announce the launch of a new 12 Metric Tons per Day (MTPD) Triacetin manufacturing facility at its existing manufacturing site in GIDC, Ankleshwar, Gujarat. The facility was launched in the presence of Mr. Saumya Vardhan Kanoria, Whole Time Director, and Mr. Sanjay Ojha, Chief of Manufacturing & Projects – Chemical Business. This new facility further strengthens KANORICHEM’s specialty chemicals portfolio and will cater to the growing demand for Triacetin across food and beverage, pharmaceuticals, agrochemicals, resins, coatings, plastics, adhesives, and other applications in the Indian and international markets.

Enhancing Capabilities

Speaking on the occasion, Mr. Sanjay Ojha, Chief of Manufacturing & Projects-Chemical Business, said, ‘The launch of the Triacetin facility brings a new addition to KANORICHEM’s specialty chemicals portfolio and enhances our capabilities in value-added products. This new facility will enable us to serve the growing requirements of customers across domestic and international markets.’ He also expressed his sincere thanks to the Government of Gujarat and the cooperative support of officials, which have supported KANORICHEM in its growth initiatives.

Future Expansion Plans

He mentioned that the company will continue to add new manufacturing capacities and expand existing capacities in line with sustainable development, inclusive growth, and the Company’s ‘Vision-2030’. KANORICHEM operates three chemical manufacturing facilities located in Ankleshwar (Gujarat), Visakhapatnam (Andhra Pradesh), and Naidupeta (Andhra Pradesh), specializing in the production of alcohol-based intermediates, phenolic resins, and specialty chemicals, with Triacetin as part of its expanding specialty chemicals portfolio.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Kanoria Chemicals & Industries Limited

Kanoria Chemicals & Industries Limited belongs to the Basic Materials › Chemicals sector. Here’s a quick read on where the business and the stock stand today.

Kanoria gains 39.0% over three months and trades near its 52-week highs. Revenue contracts at -15.6% CAGR. That signals structural headwinds, not a short-term blip. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock trades at 83% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The stock rises 39.0% in three months. Yet revenue grows at only -15.6% and the PEG stands at 99.00. Either the market prices in a turnaround that has not shown up yet, or this is momentum without substance. Check the next two earnings prints before drawing conclusions. Check Fundamentals of Kanoria Chemicals & Industries Limited.

Steel Exchange India Limited (NSE: STEELXIND) has achieved its highest-ever monthly and quarterly production of Re-Bars in its Rolling Mill since inception, with production of 25,095.035 Metric Tonnes (MT) during the month of September 2026 and 69,617.424 MT during the quarter ended September 30, 2026. This milestone follows the successful commissioning and operationalisation of the Reheating Furnace (RHF), which has strengthened the Company’s production capabilities and supported higher Rolling Mill utilisation.

Record Monthly Production

The monthly production of 25,095.035 MT in September 2026 surpassed the previous highest monthly production of 24,823.509 MT recorded in August 2026. The total September production comprised 17,677.655 MT from the Continuous Casting Machine (CCM) and 7,417.380 MT from the newly operationalised Reheating Furnace (RHF).

RHF Strengthens Production Capabilities

The successful commissioning and operationalisation of the Reheating Furnace marks an important milestone in strengthening the Company’s Rolling Mill operations. The RHF contributed 7,465.288 MT and 7,417.380 MT of Re-Bar production during August and September 2026, respectively, aggregating to 14,882.668 MT over the two-month period.

The record monthly and quarterly production underscores Steel Exchange India’s continued focus on capacity expansion, operational efficiency and strengthening its manufacturing platform for its well-recognised SIMHADRI TMT brand. Commenting on the operational performance, the management of Steel Exchange India Limited said: “Achieving our highest-ever monthly and quarterly Re-Bar production is a significant operational milestone for Steel Exchange India limited. The successful commissioning and operationalisation of the Reheating Furnace have increased our monthly and quarterly production capabilities and contributed meaningfully to the record output achieved during the month of September and quarter ended September 2026. With the RHF now operational, we expect this enhanced production capability to be sustained going forward. We remain focused on improving capacity utilisation, operational efficiency and production volumes while meeting the growing demand for our products.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of STEEL EXCHANGE INDIA LIMITED

STEEL EXCHANGE INDIA LIMITED belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.

STEEL falls 12.3% over three months and has not found a floor yet. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue contracts at -8.7% CAGR. That signals structural headwinds, not a short-term blip. The stock holds at 59% of its 52-week range with RSI at 47. In other words, neither side has a clear edge right now. The stock holds up despite -8.7% revenue growth and a PEG of 99.00. That could signal an early turnaround. Alternatively, index flows simply support the price. Watch whether analysts revise estimates upward — that is the real signal. Check Fundamentals of STEEL EXCHANGE INDIA LIMITED.

Jindal Stainless Limited, India’s leading stainless steel manufacturer, has renewed its Lubricants Vendor Managed Inventory (VMI) partnership with Indian Oil Corporation Limited (IOCL) for another five years. This renewal signifies a new chapter in their long-standing association, reinforcing their commitment to quality, reliability, and technical excellence. The formal agreement signing ceremony was held at Jindal Stainless’ Hisar unit, attended by Executive Director, Northern Region & State Head, DSO, Indian Oil, Mr Hemant Rathore, and Unit Head – Hisar, Jindal Stainless, Mr Vijay Bindlish.

Reinforcing a Long-Standing Collaboration

Commenting on the renewal, Managing Director, Jindal Stainless, Mr Abhyuday Jindal, emphasized the value of sustained collaboration between the two organizations. He stated, “Our long-standing association with Indian Oil reflects the value of sustained collaboration between two organizations with a shared focus on quality, reliability, and technical excellence. The renewal of this arrangement for another five years reinforces this relationship and provides an opportunity to deepen our engagement further. We look forward to continuing our collaboration with Indian Oil and exploring new avenues of technical cooperation as industry needs evolve.”

Broader Engagement Across Lubricants and Energy Supplies

Reflecting on the partnership, Executive Director, Northern Region & State Head, DSO, Indian Oil, Mr Hemant Rathore, highlighted the breadth and depth of the association between the two organizations. He said, “Indian Oil Corporation Limited and Jindal Stainless Limited share a long-standing and valued relationship, encompassing a wide range of lubricant and fuel requirements. The renewal of the Consumer’s Operated Lube Depot’s (COLD) agreement for another five years marks an important milestone in this enduring partnership. In addition to lubricants, Indian Oil also caters to Jindal Stainless’ energy requirements through supplies of LDO, HSD, LSHS, and Propane, further reflecting the breadth and depth of the association between the two organizations. We believe that such collaboration, built on mutual trust, reliability, and shared objectives, steers a true win-win proposition for both organizations. We look forward to further strengthening our association with Jindal Stainless and supporting its growth through dependable energy and high-end SERVO® lubricants for all its challenging applications.”

The renewed partnership builds on the organizations’ broader engagement across lubricants and energy supplies. With industrial operations increasingly focused on equipment reliability, operational efficiency, and performance, dependable lubrication and energy solutions play an important role in supporting manufacturing continuity. The extended arrangement reinforces the two organizations’ commitment to sustained technical collaboration and reliable supply solutions as industry requirements continue to evolve.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Jindal Stainless Limited

Jindal Stainless Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.

Jindal posts a 5.0% three-month gain, but softens in the last few weeks. Thin margins at 7.4% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock gives back 0.2% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 6.4% and profits at 14.7%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Jindal Stainless Limited.