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BASF India Ltd.

BSE: 500042 Sector: Industrials
NSE: BASF ISIN Code: INE373A01013
BSE LIVE 15:40 | 23 Jun 1605.80 -34.10
(-2.08%)
OPEN

1629.85

HIGH

1629.85

LOW

1570.05

NSE 15:46 | 23 Jun 1609.65 -21.95
(-1.35%)
OPEN

1631.05

HIGH

1634.55

LOW

1561.25

OPEN 1629.85
PREVIOUS CLOSE 1639.90
VOLUME 4746
52-Week high 1728.30
52-Week low 979.30
P/E
Mkt Cap.(Rs cr) 6,952
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1629.85
CLOSE 1639.90
VOLUME 4746
52-Week high 1728.30
52-Week low 979.30
P/E
Mkt Cap.(Rs cr) 6,952
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

BASF India Ltd. (BASF) - Company History

BASF India Ltd is a leading transnational company in the Indian chemical industry. The company manufactures and markets expandable polystyrene tanning agents leather chemicals and auxiliaries including specialised metal complexdyes leather dyes textile chemicals dispersions and speciality chemicals acrylic polymers in primary forms and crop protection chemicals. They are also involved in the trading of chemicals including dyestuffs and related textile auxiliaries and renders technical services to various industries. Their headquarter is at Mumbai with manufacturing facilities in Thane Mangalore Dahej and Ankleshwar.BASF India Ltd the flagship company of the BASF Group in India was incorporated as R A Cole Pvt Ltd in May 1943 and the name was changed to Indoplast Ltd in Jan 1963. The company got their present name in September 1967. The company entered into an agreement with BASF AG for manufacturing of new products during the year 2002 and 2004.Cyanamid Agro Ltd was merged with the company with effective from April 1 2001. In the line of global arrangement between Bayer CorpScience AG and BASF AG the company acquired the Fipronil activities and assets in India from Bayer India Ltd during the year 2003-04. BASF India executed the licence agreement with Bayer CropScience Ltd for grant of Licensed Rights detailed in the Agreement relating to Agricultural uses of Fipronil during the year 2004-05.BASF Polyurerhanes India Ltd was incorporated on April 6 2005 for establishing a system house within Turbhe works to manufacture Polyurethane System products. The indenting and trading activity relating to the Polyurethane Systems business of the company was transferred to the company's wholly owned subsidiary BASF Polyurerhanes India Ltd with effect from July 1 2006. They commenced their commercial production from June 2006.The company expanded the polymer dispersions capacity at Mangalore from 20000 tpa to 65000 tpa. The new dispersions plant of 45000 tpa capacity was commissioned on March 9 2007. Also the company started a technical support centre namely BASF Leather Competence Centre in September 2006 for the leather industry at Bantala Leather Complex Kolkata. During the year 2007-08 the company expanded the capacity in Styropor plant by 10Ktn and was commissoned in February 2008.During the year 2009-10 the merger of Ciba Group Companies in India w.e.f. February 1 2010 the Specialty Chemicals business of Ciba integrated into the Performance Products segment. The complementary business portfolio will create new business opportunities in paper chemicals care chemicals and performance chemicals. In addition the manufacturing facility at Ankleshwar and the state-of-the-art technical lab in Mumbai will also add value to the organization.In 2010-11 Moving towards the Vision of having a Single Legal Entity in India BASF successfully completed the merger of BASF Construction Chemicals (India) Private Limited (BCCIPL) BASF Coatings (India) Limited (BCIN) and BASF Polyurethanes India Limited (BPIL) in January 2011. Further with the worldwide acquisition of Cognis Holding GmbH has been fully integrated with the company effective July 1 2011. The complementary business portfolio of Cognis will further strengthen BASF India's presence in value-added products.During the year 2011-12 the company invested Rs. 1000 crores in Dahej Gujarat for strengthening its local manufacturing activities to create competitive advantages for its customers and facilitate faster growth. The Dahej site besides offering proximity to raw materials and customers complements the existing manufacturing set-up of the company thus supporting business growth in important northern and western regions of India. Additionally to build on existing competencies and ensure operational excellence the company has also undertaken facility expansion and implemented process enhancement techniques at its Mangalore and Ankleshwar sites during the year.In the year 2012-13 On account of continuous pressure on Expandable Polystyrene (EPS) business due to strong competition coupled with high overcapacities and low margins BASF planned to shut down the EPS business forming part of Plastics segment including the Company's STYROPOR production facility at Thane. The contribution of this business to the total turnover was marginal; hence there will be no material impact on the Company's growth strategy.During the year 2013-14 BASF has set up a precious metal catalyst plant and product development laboratory at its Mangalore site and Agricultural Research Station at Lonikand in Pune. The company also expanded its construction chemicals operations at Nellore in Andhra Pradesh and Kharagpur in West Bengal. The company has ceased manufacturing operations at the Automotive Coatings Blending plant at Khuskhera in Rajasthan due to high safety risks.During the year 2014-15 The new chemical production site at Dahej Gujarat involving an investment of Rs. 1000 crores commenced commercial production. BASF SE turned 150 in 2015. The company celebrated BASF SE's 150th Anniversary with its partners.