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20 Microns Ltd.

BSE: 533022 Sector: Metals & Mining
NSE: 20MICRONS ISIN Code: INE144J01027
BSE LIVE 15:52 | 05 Dec 34.50 0.40
(1.17%)
OPEN

33.65

HIGH

34.65

LOW

33.00

NSE LIVE 15:40 | 05 Dec 34.20 -0.05
(-0.15%)
OPEN

33.90

HIGH

34.70

LOW

31.20

OPEN 33.65
PREVIOUS CLOSE 34.10
VOLUME 2816
52-Week high 47.00
52-Week low 25.30
P/E 8.10
Mkt Cap.(Rs cr) 121.72
Buy Price 34.50
Buy Qty 457.00
Sell Price 0.00
Sell Qty 0.00
OPEN 33.65
CLOSE 34.10
VOLUME 2816
52-Week high 47.00
52-Week low 25.30
P/E 8.10
Mkt Cap.(Rs cr) 121.72
Buy Price 34.50
Buy Qty 457.00
Sell Price 0.00
Sell Qty 0.00

20 Microns Ltd. (20MICRONS) - Company History

20 Microns Ltd is India's largest producer of white minerals offering innovative products in the field of Functional fillers, Extenders and Speciality chemicals. The company is principally involved in the trading of calcium carbonate. The company's white minerals are used in paint and powder coating, plastic, textiles, rubber, paper textiles and sealants industry. The company is a multi-product company catering to a cross section of industry across the globe. With the best manufacturing practices and state-of-the-art R&D center, the international business forms one-fourth of the company's business with a strong presence in more than 47 countries across Europe, Africa, Australia and Asia Pacific. 20 Microns Ltd was incorporated on June 29, 1987 as a private limited company with the name 20 Microns Pvt Ltd. The company was promoted by Bhanubhai B. Patel, Anant K. Kamdar & Chandresh S. Parikh. They were the Pioneer in the Mineral Industry and established themselves as one of the top five Mineral manufacturers in India. In October 4, 1988, the company commenced their commercial operations by setting an industrial unit at Waghodia, Gujarat with and annual capacity of 2,400 MT. Also, they ventured into Micronised Minerals for Paints. In the year 1990, the company made investment for expanding the Micronising process and R&D facilities. In the year 1991, the company increased the production capacity to 17,000 TPA at Waghodia (Gujarat). In the year 1992, they acquired Dolomite Mines (Lease) at Chotta Udaipur (Gujarat). In the year 1994, they further increased the production capacity by 17,000 TPA at Waghodia in Gujarat. The company acquired mining lease of China Clay in Kutch district. In January 17, 1994, the company was converted into a public limited company and the name was changed to 20 Microns Ltd. In the year 1995, the company installed a new unit at Vadadla in Gujarat with the production capacity of 18,000 TPA. In the year 1996, they acquired the mining lease of Dolomite in Chotta Udaipur in Gujarat. During the year next year, they acquired Mining Lease for China Clay at Mamuara, Kutch (Gujarat). In the year 1998, they further acquired Mining Lease of Calcite in Sirohi District of Rajasthan. In the year 1999, the company introduced value added products for pigments replacement. Hi-tech Minerals Pvt Ltd, Fi-Microns & Minerals Pvt Ltd, Aric Industrial Products Pvt Ltd and Fi-Minerals Private Ltd were amalgamated with the company. The entire process of amalgamation was completed during 1998 and 2002. In the year 2003, B.B Parikh has disassociated from the company. In the year 2001, the company installed a new plant at Alwar in Rajasthan with the installed capacity of 6,000 TPA. In the year 2005, the company acquired land at Tirunelveli and set up a unit with a capacity of 10,000 metric tonnes per annum for manufacturing china clay. During the year 2007-08, the company increased the production capacity of Dry Ground Minerals by 6,000 MT to 67,600 MT. During the year 2008-09, the company increased the production capacity of Dry Ground Minerals and Speciality Chemicals by 1,800 MT and 750 MT respectively to 3,150 MT and 69,400 MT. In October 6, 2008, the company shares were listed on the Bombay Stock Exchange Ltd and the National Stock Exchange Ltd. In February 25, 2009, 20 Microns SDN BHD became a subsidiary of the company by virtue of allotment of 154,924 equity shares of MYR 1 each (constituting 99.9% of the total paid up capital of the said company) to the company. During the year 2009-10, the company increased the production capacity of Dry Ground Minerals, Wet Ground Minerals China Clay Hydrous and Speciality Chemicals by 11,100 MT, 7,200 MT and 4,350 MT respectively to 85,500 MT, 33,500 MT and 7,500 MT. In February 2010, the company acquired 20 Microns Nano Minerals Ltd, pursuant to which the said company became a subsidiary of the company. The company expects robust growth in existing Products and contribution of new products by adopting certain strategies, namely Expansion of Mineral Portfolio by adding new products and expansion of Geographical locations by acquiring Mines and infrastructure facilities in Mineral rich countries in Middle East & South East Asia. The company also plans to invest in Wind mills in near future for some of their operations with higher access to winds.

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