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Adi Finechem Ltd.

BSE: 530117 Sector: Industrials
NSE: ADI ISIN Code: INE959A01019
BSE LIVE 15:40 | 17 Jan 544.60 2.20
(0.41%)
OPEN

545.00

HIGH

550.00

LOW

542.35

NSE LIVE 15:55 | 17 Jan 545.70 1.95
(0.36%)
OPEN

545.00

HIGH

552.00

LOW

540.60

OPEN 545.00
PREVIOUS CLOSE 542.40
VOLUME 1872
52-Week high 560.00
52-Week low 170.00
P/E 54.62
Mkt Cap.(Rs cr) 751.00
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 545.00
CLOSE 542.40
VOLUME 1872
52-Week high 560.00
52-Week low 170.00
P/E 54.62
Mkt Cap.(Rs cr) 751.00
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Adi Finechem Ltd. (ADI) - Company History

H K Finechem Ltd., was incorporated as H K Agro Oil in May '85, H K Agrochem is engaged in the manufacture of high grades of rice bran oil, fatty acids and monoglycerides. It acquired its present name in Jun.'94. The company was promoted by Rajan Harivallabhdas and Nahoosh J Jariwala. The company came out with a public issue in Feb.'95 to set up facilities at Sanand, near Ahmedabad, to manufacture 3248 tpa of distilled fatty acids like oleic acid, linoleic acid and palmitic acid; 2894 tpa of rice bran oil grade-1 and 625 tpa of monoglycerides. Company has made private placement in 1996-97, having paid up equity from 7.00 Crores to 8.50 Crores The company has a technical collaboration with UIC, US. Equipment were procured from Sulzer, Switzerland; Feld & Hahn, Germany and UIC, US. During the year 1996-97, the second phase of Short Path Distillation Plant commenced its commercial production in the month of Nov'96. Company has export his main product viz.Deodorizer Distillate (Mixed Tocopherols) to Henkel Corporation who has buy entire production of this product. Company has placed the orders for putting up continuous fat splitting plant, which helps the company to upgrading the second stream of by product viz-Residual Oil by converting into split Fatty Acid, which can be upgraded by further processing in Fractionation plant & increased value of domestic sales. During 1999-2000, the company has successfully commissioned `Fat Splitting Plant' to increase the availiability of high value fatty acids for sale in domestic market. The Dimer Acid Project which was started earlier was implemented during 2001-02 and the main highlight of the project was developed 'in-house'by the company. This acid has been fully imported and it is of the first in India.The total cost was Rs. 3.00 Crores and this project was financed by Term Loan of Rs.2.25 crores and balance through internal accruals.