You are here » Home » Companies » Company Overview » Borax Morarji Ltd

Borax Morarji Ltd.

BSE: 506315 Sector: Industrials
NSE: N.A. ISIN Code: INE658B01015
BSE LIVE 12:23 | 09 Dec 45.00 2.50
(5.88%)
OPEN

42.10

HIGH

45.00

LOW

42.00

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 42.10
PREVIOUS CLOSE 42.50
VOLUME 1650
52-Week high 55.25
52-Week low 24.60
P/E
Mkt Cap.(Rs cr) 20.34
Buy Price 43.25
Buy Qty 200.00
Sell Price 45.00
Sell Qty 45.00
OPEN 42.10
CLOSE 42.50
VOLUME 1650
52-Week high 55.25
52-Week low 24.60
P/E
Mkt Cap.(Rs cr) 20.34
Buy Price 43.25
Buy Qty 200.00
Sell Price 45.00
Sell Qty 45.00

Borax Morarji Ltd. (BORAXMORARJI) - Company History

Borax Morarji, promoted jointly by Dharamsi Morarji Chemical Co. (DMCC) and Borax Holdings, UK, to manufacture borax and boric acid and was incorporated on 27 Aug.'63 at Bombay. In June 1979, Borax Holdings, UK, the technical and financial collaborator, has disinvested its entire stake in the company. The Other promoter, DMCC, holds around 38.62% of the equity. Borax Morarji is a well-diversified, multi-product, multi-locational company with three divisions - chemicals, timber and a 100% EOU. The company's timber division comes into existence in 1991 when the company has diversified into the manufacture of Injecta (a wood preservative) and chemically treated rubberwood. The company had set up a plant at Shenbagaramanputtur in Kanyakumari District of Tamil Nadu to manufacture 12,000 cu mtr pa of chemically treated rubberwood. This plant was set up in technical collaboration with the Danish Wood Treating Co, Denmark, This the chemically treated rubberwood is marketed under the brand name Borotik. These are made from plantation trees and are substitutes for wood from natural forests. In 1994, the company's timber division undertaken a forward integration project by setting up a 100% EOU to manufacture 4200 cu mtr pa of brush blocks and broom blocks in technical collaboration with BVBAC. Casier Blomme En Zonen, Belgium, has agreed to purchase the entire production for the next five years since 1994. For captive consumption the company has set up wind farms at Coimbatore in Tamil Nadu and Satara in Maharashtra. This division meets 75% of the company's power requirements. The coimbatore farm consists five wind turbine and the company is also in the process of setting up another turbine at an extimated cost of Rs.5.2 crores. At Satara the company has installed two Wind Mills in 1999-2000 and one more wind mill of 350 KW was installed in 2000-01 for the captive consumption of the Chemical Division at Ambarnath. A new Spray dryer had been installed at the Ambarnath factory to produce value added speciality Boron chemicals of internationally accepted quality. In the year 1999-2000, the company's Speciality Boron Chemicals have been introduced into markets in Europe, USA and Australia and is expected to grow in the coming years. To offer effective service for it's products in the Middle East region, the company has appointed an agent in Dubai. In 2000-01, the company's chemical division at Ambarnath has been awarded quality standard certificated ISO 9002; 1994 by Bureau Veritas Quality International, UK.

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard