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Dharamsi Morarji Chemicals Co Ltd.

BSE: 506405 Sector: Agri and agri inputs
NSE: DHARAMORAR ISIN Code: INE505A01010
BSE LIVE 11:15 | 18 Aug 109.00 -1.20
(-1.09%)
OPEN

109.00

HIGH

109.40

LOW

107.35

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 109.00
PREVIOUS CLOSE 110.20
VOLUME 472
52-Week high 141.40
52-Week low 66.50
P/E 14.08
Mkt Cap.(Rs cr) 238
Buy Price 108.30
Buy Qty 200.00
Sell Price 109.00
Sell Qty 25.00
OPEN 109.00
CLOSE 110.20
VOLUME 472
52-Week high 141.40
52-Week low 66.50
P/E 14.08
Mkt Cap.(Rs cr) 238
Buy Price 108.30
Buy Qty 200.00
Sell Price 109.00
Sell Qty 25.00

Dharamsi Morarji Chemicals Co Ltd. (DHARAMORAR) - Company History

Promoted in 1919 by the late Ratansi D Morarji to manufacture chemicals at Ambernath, Dharamsi Morarji Chemicals Co (DMCC) has seen its operations grow over the years. Today, it is a multi-product, multi-locational organisation which has emerged as the single largest manufacturer of SSP in the country and a major producer of heavy chemicals. DMCC has promoted Udaipur Phosphates and Fertilisers and Borax Morarji, where it has 32% and a 38.62% equity stakes, respectively. It has a 33.05% stake in the other group company - Albright, Morarji and Pandit. In addition to manufacturing fertilisers, various acids and chemicals, the company has a well-developed external project division which offers services such as basic and detailed engineering, project management, supervision of erection and commissioning services for sulphuric acid plants, various grades of oleums, SSP, alumina sulphate, recovery of hydrofluorosilicic acid, pollution control and effluent treatment plants. The external project division has also successfully tackled the effluent problems of a range of industries like fertilisers, chemicals, textiles, electroplating, etc. The division also carries out characterisation studies for environmental impact analysis due to the present and future emissions from plant locations. Under a licence from Larsen International, US, the company also supplies distillery waste water treatment plants on a turnkey basis. The company has a full-fledged research and development (R&D) division manned by qualified scientists and technologists, who have, over the years, developed processes to manufacture liquid sulphur-tri-oxide and chlorosulphonic acid; to recover fluorine during the manufacture of phosphatic fertilisers and use it commercially to manufacture cryolite and aluminium fluoride. The R&D laboratory is recognised by the Department of Science and Technology (Government of India). DMCC has slowly reduced its dependence on its fertiliser division, whose contribution to the turnover has declined from 48% to 36% in the last three years, while that of the chemical divisions has increased from 42% to 48% over the same period. The company has a combined installed capacity to manufacture 5,76,700 tpa of SSP, 4,81,300 tpa of sulphuric acid, 73,000 tpa of chlorosulphonic acid and 86,328 tpa of alumina sulphate. During 1995-96, DMCL formed Monsanto-DMCC Enviro-Tech & Engineering in joint venture with Monsanto (India) Pvt Ltd to undertake turnkey projects, provide engineering services for sulphuric acid plants and other related activities. The company was awarded 'Export House Status' by the Government of India. Its Ambernath unit was again awarded ISO 9001 and ISO 9002 by BVQI, UK. A new company DMCC Oil Terminals (Navlakhi) Ltd was incorporated as an infrastructure project for the purpose of import, storage and transporatation of LPG and other petroleum products received at the jetty in which DMCL invested Rs.6.50 by way of equity shares. The company is studying on new speciality chemicals/performance chemicals.