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Indokem Ltd.

BSE: 504092 Sector: Industrials
NSE: N.A. ISIN Code: INE716F01012
BSE LIVE 15:59 | 20 Sep 40.55 0.20
(0.50%)
OPEN

39.80

HIGH

43.40

LOW

39.80

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 39.80
PREVIOUS CLOSE 40.35
VOLUME 42653
52-Week high 43.90
52-Week low 7.66
P/E 2027.50
Mkt Cap.(Rs cr) 99
Buy Price 0.00
Buy Qty 0.00
Sell Price 40.40
Sell Qty 194.00
OPEN 39.80
CLOSE 40.35
VOLUME 42653
52-Week high 43.90
52-Week low 7.66
P/E 2027.50
Mkt Cap.(Rs cr) 99
Buy Price 0.00
Buy Qty 0.00
Sell Price 40.40
Sell Qty 194.00

Indokem Ltd. (INDOKEM) - Company History

Indokem Ltd.(formerly Khatau Junker Ltd), a part of Khatau Mahendra Group is promoted by Dharamsey Khatau. A diversified company some times earlier with active presence in Electrical products, Insecticides and Dye stuffs, the company has divested its business interest in Electrical products and Insecticides and concentrates on manufacture of Synthetic Organic Dye Stuffs. Incorporated as a private limited company in 1964 in the name of Khatau Junker, it became a deemed public limited company in 1979. Consequent to the merger of erstwhile Indokem Ltd with Khatau Junker Ltd in 1995-96, the name of the company changed to Indokem Ltd from Khatau Junker Ltd effective from Oct 18, 1996. In collaboration with Otto Junker, Germany, the company manufactured capacitors under the brand name Khatau Junker. The company diversified and commeced manufacture of insecticides like malathion, dimethoate, monocrotophos, phosphamidon, etc in 1981. In this regard it set up a production facility. Later again in 1992 the company diversified into manufacture of Vat dyes and its new dyes plant commenced commercial production 1992 in stages. The Vat dyes plant was part financed by the rights issue made in 1992. The proceeds from this rights issue is also used to fund the modernisation and expansion of its agro chemicals plant. The company has divested its Electrical division which manfuactures capacitors to one of its subsidiary i.e Kapsales Electricals Ltd effective from March 31, 1995 to give more attention to this division. Subsequently the company also sold its Agro chemcicals division which is into manufacture of insecticides to Rallis Industrial Chemicals Ltd for a consideration of Rs.21 crores in Sep 30, 1996. The installed capacity of Vat Dyes was increased to 120 TPA in there Ankleshwar plant and has also achieved the highest level of production.