CPMA Member Companies
Latest News of CPMA Member Companies
Mukesh Ambani's Reliance Retail second-fastest growing retailer in world
Billionaire Mukesh Ambani's Reliance Retail Ltd has been ranked second fastest growing retailer in the world in the 2021 ranking of global retail power houses by Deloitte, down from top rank secured the previous years.It has been ranked 53rd in the list of Global Powers of Retailing, improvement from 56th earlier, according to the Deloitte report.
The list is topped by US giant Walmart Inc, which retains its position as world's top retailer. Amazon.com Inc improved its position to rank second. Costco Wholesale Corporation of US slipped a rank to be placed third followed by Schwarz Group of Germany.
The top 10 has seven US retailers and one from the UK (Tesco PLC at 10th position). Other US retailers in the top 10 include The Kroger Co (ranked 5th), Walgreens Boots Alliance, Inc (6th) and CVS Health Corporation (ranked 9th). Germany's Aldi Einkauf GmbH & Co. oHG and Aldi International Services GmbH & Co. oHG is placed at 8th position.
Reliance Retail is the only Indian entry in the global list of 250 retailers. It features consecutively for the 4th time in the list of Global Powers of Retailing and World's Fastest Retailers.
"Reliance Retail, last year's Fastest 50 leader, dropped to second place. The company recorded YoY growth of 41.8 per cent, driven primarily by a 13.1 per cent increase in the number of stores in its consumer electronics, fashion and lifestyle and grocery retail chains, to 11,784 stores across 7,000+ towns and cities in India at fiscal year end (FY20)," Deoitte said.
E-commerce, it said, is a second growth driver, through both digital commerce (B2C) and B2B
Mangalore Refinery and Petrochemicals Limited receives patent for process distillation
The Mangalore Refinery and Petrochemicals Limited (MRPL NSE -2.92 %) has been awarded a patent on process distillation of petroleum fractions by making use of fuel gas-hydrocarbon vapours instead of steam.
IOCL to invest Rs. 17,825 crore on Gujarat petchem expansion project Pravin Prashant
The project will not only increase the capacity of Gujarat Refinery from 13.7 MMTPA to 18 MMTPA but would also result in integration to petrochemicals with production of 500 KTPA Polypropylene.
IOC bets big on petrochemicals, forward integration into textile biz September
Country's largest oil marketing company Indian Oil Corporation proposes to leverage its growing petrochemical operations to expand textile business as it looks to diversify operations and offset risks associated with oil operations
India’s MRPL to raise Rs50bn to beef up cash flow, working capital Priya Jestin
MRPL is currently in the process of expanding its refining capacity from 15m tonnes/year to 18m tonnes/year. “We are finally aiming to increase capacity to 25m tonnes/year,” the company source said
INDIANOIL TO INVEST ?13,805 CR TO SET UP NEW PLANT IN ODISHA
The paraxylene and purified terephthalic acid plant will be integrated with the IOC’s refinery facility in the port town of Jagatsinghpur district.
Indian Oil Corp to continue to operate its refineries below capacity in 2020/21?
NEW DELHI: Domestic oil demand would not return to pre-Covid levels any time soon due to rapidly rising infections and local lockdowns, which would in turn keep IndianOil’s refinery run rate at 70-75%, lower than 93% seen in July, chairman S M Vaidya said.
HPL acquires majority stake in Lummus Technology for enterprise value of $2.725 billion
The Chatterjee Group (TCG) flagship Haldia Petrochemicals and global private equity firm Rhone Capital on Wednesday said they have jointly acquired US-based Lummus Technology from McDermott International for an enterprise value of $2.725 billion (about Rs 20,590 crore)
DCM Shriram inks pact to promote water conservation
DCM Shriram has signed a memorandum of understanding with Rabobank and Rivulis Irrigation India, the Indian arm of Israeli microirrigation firm Rivulis, to install drip irrigation in sugarcane farms of over 5,000 hectares in two Uttar Pradesh districts, the company said in a statement on Tuesday
Read MoreDCM Shriram inks pact to promote water conservation
DCM Shriram has signed a memorandum of understanding with Rabobank and Rivulis Irrigation India, the Indian arm of Israeli microirrigation firm Rivulis, to install drip irrigation in sugarcane farms of over 5,000 hectares in two Uttar Pradesh districts, the company said in a statement on Tuesday