1. Coatings divestiture closes - The sale of the coatings subsidiary to Carlyle Group completed on 30 June 2026 for ₹230.16 crores, removing a ₹595-crore revenue stream that contributed negligible profit while globally BASF will reinvest in the coatings business holding a 40% equity stake in the new standalone company under Carlyle valued at €7.7 billion. The exit frees management attention and balance-sheet capacity for higher-return divisions, with proceeds available for redeployment into expanding businesses.
2. Celasto capacity doubles at Dahej - The Celasto microcellular polyurethane expansion at Dahej is on track to start production by end-2026, with the building completed and \~₹150 crores already spent. The project reduces reliance on imports from Germany and strengthens BASF's market-leadership position in a business that already contributes roughly 10% of the Performance Materials division.
3. Agricultural Solutions demerger and listing - The NCLT approved the demerger of the Agricultural Solutions business into a separate listed entity, with the shareholders' meeting set for 24 June 2026 and allotment of shares expected by March 2027, followed by listing. The carved-out business reported ₹1,944 crores in sales and ₹254 crores in profit before tax in FY26, and a separate listing could surface value for a division growing at an 8% CAGR with a 25% share of sales already coming from recently launched products.
4. Dispersions line 3 at Mangalore - A third dispersion line at Mangalore, approved in February 2026 and targeted for commissioning by end-2027, will lift India dispersion capacity by about 15%. The added capacity serves growing demand from architectural paints, construction chemicals, and paper applications, building on a network that already spans four lines across two sites.
5. Renewable power locks in cost savings at Dahej and Panoli - A 25-year group captive agreement with Clean Max will supply approximately 28,860 MWh annually of hybrid solar and wind power to the Dahej and Panoli sites, with the 26% equity stake in the SPV acquired in FY26. Taking these sites above 80% renewable energy reduces a structural operating cost line and insulates margins from grid-power inflation over two decades.
6. Engineering plastics compounding capacity up 80% - The Thane site's engineering plastics extrusion line expanded capacity by 80%, while polyamide compounding capacity rose 40% at both Panoli and Thane, with the Panoli expansion completed in May 2025. The step-up positions the Performance Materials division to capture demand from automotive, electronics, and consumer goods customers as local sourcing preferences intensify.
7. Agricultural innovation pipeline replenishes growth - Twelve new products launched over the last four years already account for \~25% of agricultural sales, and a similar number sits in the pipeline for the next few years, backed by BASF's global €2-billion annual R&D spend with nearly half directed to Agricultural Solutions. The recent insecticide push alone lifted market share from near zero to almost 5%, and the re-entry into rice and entry into bio-stimulants open fresh addressable segments beyond the current \~7% overall market share.
8. Enhanced oil recovery surfactants plant operational - The alkaline surfactant polymer blending plant at Dahej was completed in February 2025 and has begun producing surfactants for enhanced oil recovery, including the newly commissioned Aspire product. The business is described as growing well and serves both local and export demand, adding a new revenue stream in a niche with high barriers to entry.