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Gujarat Petrosynthese Ltd.

BSE: 506858 Sector: Industrials
NSE: N.A. ISIN Code: INE636P01011
BSE LIVE 14:48 | 23 Aug 20.60 -1.00
(-4.63%)
OPEN

22.00

HIGH

22.35

LOW

20.55

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 22.00
PREVIOUS CLOSE 21.60
VOLUME 796
52-Week high 34.45
52-Week low 17.00
P/E
Mkt Cap.(Rs cr) 12
Buy Price 20.60
Buy Qty 49.00
Sell Price 22.25
Sell Qty 30.00
OPEN 22.00
CLOSE 21.60
VOLUME 796
52-Week high 34.45
52-Week low 17.00
P/E
Mkt Cap.(Rs cr) 12
Buy Price 20.60
Buy Qty 49.00
Sell Price 22.25
Sell Qty 30.00

Gujarat Petrosynthese Ltd. (GUJPETROSYNTH) - Company History

Incorporated in 1977, Gujarat Petrosynthese, is headed by R M Thakkar as Chairman & Managing Director. The main product of the company is polybutane. In 1990, the company increased its capacity to 6250 tpa. In the same year, the company diversified into the shipping business by acquiring a chemical carrier. In 1995, the company and Karnataka State Industrial Investment and Development Corporation (KSIIDC) planned to set up a joint venture in Bangalore in technical and financial collaboration with China National Chemical Construction Corporation to manufacture polymer blends, an import substitute. In 1996-97, the joint sector project, Karnataka Petrosynthese Ltd., Bangalore successfully commenced commercial production. In 1997-98, the company embarked on an extensive restructuring of its activities to meet the challenges of the new liberalized environment. The various initiatives taken by the Company in this regard are 1) Strategic alliance with Indian Petrochemicals Corporation Limited 2) Restructuring the Company's activities through modification of Organisation Structure, Human Resource Development, Cost Cutting Program, Product mix, Strengthening Research & Development efforts & to work towards new product development and value addition. The Company's plant is 16 years old and there has been obsolescence in Control Instrumentation and as well as on line analytical instrumentation. The company is planning to manufacture chemically pure and FDA grade of Polybutene. The company has approved amalgamation of Karnataka Petrosynthese Ltd. (KPL) with the company. One equity share of the company will be allotted for every five equity shares.