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Haryana Leather Chemicals Ltd.

BSE: 524080 Sector: Industrials
NSE: N.A. ISIN Code: INE681F01018
BSE LIVE 15:04 | 17 Nov 52.95 2.10
(4.13%)
OPEN

53.35

HIGH

53.35

LOW

50.50

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 53.35
PREVIOUS CLOSE 50.85
VOLUME 3610
52-Week high 56.90
52-Week low 31.05
P/E 13.34
Mkt Cap.(Rs cr) 26
Buy Price 50.80
Buy Qty 200.00
Sell Price 52.95
Sell Qty 9.00
OPEN 53.35
CLOSE 50.85
VOLUME 3610
52-Week high 56.90
52-Week low 31.05
P/E 13.34
Mkt Cap.(Rs cr) 26
Buy Price 50.80
Buy Qty 200.00
Sell Price 52.95
Sell Qty 9.00

Haryana Leather Chemicals Ltd. (HARYANALEATHER) - Company History

Incorporated on 22 Jan.'85 and commencing business on 22 Apr.'85, Haryana Leather Chemicals (HLCL) is promoted by N K Jain and the Haryana State Industrial Development Corporation (HSIDC). HLCL came out with a public issue in Sep.'88 to finance its Rs 4.67-cr project, to manufacture a wide range of leather chemicals and auxiliaries (cap. : 1510 tpa). It issued right shares in Oct.'92 to finance the export-oriented expansion programme. Located in Jind, Haryana, it went on stream in Apr.'88. Leather chemicals are used for leather finishing. The company's products include fat liquors and finishing chemicals such as binders, pigments, waxes, feel modifiers, lacquers, etc. It has entered into technical collaborations with two internationally reputed European companies -- A Smit and Zoon, Holland, for fat liquors, and ICAP Industria Chimica, Italy, for finishing chemicals. It has entered into a collaboration with Forbo Helmitin, Germany, to manufacture speciality shoe adhesives. HLCL commenced commercial production of cross-linking acrylic binders in 1994-95, mainly for export. The company has decided to diversify into the field of high performance pressure sensitive adhesive for packaging industry, for this a technology transfer agreement has already been executed by the company with M/s ICAP Sira Chemicals & Polymers SpA, Italy. The company has also started manufacturing Polyurethane Lacquer for Synthetic Sole in collaboration with SIVAM, Italy. During 1999-2000, the company has started production of PSA (Pressure Sensitive Adhesive) as per the agreement concluded with ICAP-SIRA due to this additional product range the capacity utilisation of Acrylic plant will be optimised. Technology transfer agreement has been concluded with M/s Vismon Barcelona, Spain to meet with the demands of light weight and waterproof leather. In 2000-2001 the company has undertaken a major expansion to add synthetic tanning agent to its range of products in view of the emerging demand of the synthetic tanning agents.The new range of Fatliquor has been widely accepted. The company plans to produce syntans and hope to commence production by December,2003.