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Nitta Gelatin India Ltd.

BSE: 506532 Sector: Industrials
NSE: KERALACHEM ISIN Code: INE265B01019
BSE LIVE 15:40 | 13 Dec 210.00 -0.30
(-0.14%)
OPEN

210.65

HIGH

213.40

LOW

207.65

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 210.65
PREVIOUS CLOSE 210.30
VOLUME 2998
52-Week high 239.00
52-Week low 170.90
P/E 18.97
Mkt Cap.(Rs cr) 191
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 210.65
CLOSE 210.30
VOLUME 2998
52-Week high 239.00
52-Week low 170.90
P/E 18.97
Mkt Cap.(Rs cr) 191
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Nitta Gelatin India Ltd. (KERALACHEM) - Company History

Kerala Chemicals & Proteins (KCPL) is a joint venture between Kerala State Industrial Development Corporation and two renowned Japanese companies - Nitta Gelatin and Mitsubishi Corporation. It produces ossein, a chemical used to manufacture gelatin (mostly for photographic use) and dicalcium phosphate (used in animal feed) from crushed animal bones. It began commercial production in 1979. The plant capacity to manufacture ossien was initially 3300 tpa and that of DCP was 6700 tpa. Ossein capacity was increased to 5000 tpa and of DCP to 11000 in 1992-93. In 1993-94, the company undertook a project for liming of ossein. In 1995-96, the first phase of the liming project was completed. The company is setting up a unit for the manufacture of 2000-tpa gelatine with the technical collaboration of Nitta Gelatin, Japan. The project cost is Rs 70 cr. For the third time in succession, the company received the Top Export Award for Ossein for 1994-95 from CAPEXIL. During 1996-97, the trial project of Liming Of Ossein was restarted on Feb.'97 with an installed capacity of 5 MT per day, due to delay in the previous year. The Gelatine project is also under implementation due to delay in respect of the land acquired, but since the company has received allotment of 13 acre plot for the project in the KINFRA Export Promotion Industrial Park in Kakkanadu. Trial run production of Limed Ossein commenced in Feb.'97 and the construction of the Gelatine Project was completed as per schedule. A new subsidiary by name of Bamni Protiens Pvt. Ltd was incorporated in Dec.'97 with an authorised capital of Rs 300 lakhs. During 1998-99, the company's Ossein division got ISO 9002 certification from KEMA, Netherland. Also 2000MT Gelatin Plant at Kakkanad commenced commercial operation from 8th March, 1999. It was delayed much and the actual project cost came to Rs. 83.73 crores as against projected cost of Rs. 77.82 crores. The Company's business was adversely affected due to madcow disease in Europe,however the clearance given by the European Union for import with restriction is expected to show some signs of recovery. The company with the help of Collaborators is planning to make investments in Gelatine plants to the extent of Rs.500 lakhs and is exploring ways and means of raising the requisite funds to maximum advantage including sourcing from Foreign Banks/Institutions.