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Ultramarine & Pigments Ltd.

BSE: 506685 Sector: Industrials
NSE: ULTRMARINE ISIN Code: INE405A01021
BSE LIVE 19:44 | 19 Oct 274.80 5.45
(2.02%)
OPEN

277.00

HIGH

278.00

LOW

270.50

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 277.00
PREVIOUS CLOSE 269.35
VOLUME 9431
52-Week high 278.00
52-Week low 146.00
P/E 23.03
Mkt Cap.(Rs cr) 802
Buy Price 0.00
Buy Qty 0.00
Sell Price 274.80
Sell Qty 219.00
OPEN 277.00
CLOSE 269.35
VOLUME 9431
52-Week high 278.00
52-Week low 146.00
P/E 23.03
Mkt Cap.(Rs cr) 802
Buy Price 0.00
Buy Qty 0.00
Sell Price 274.80
Sell Qty 219.00

Ultramarine & Pigments Ltd. (ULTRMARINE) - Company History

Established in 1960, Ultramarine & Pigments has its manufacturing facilities at Ambattur, Madras and Ranipet in North Arcot, Tamilnadu. It is the largest manufacturer of ultramarine blue and synthetic detergents. The company also manufactures ultramarine colours, organic and inorganic pigments, metal powders, chemicals, raw materials for the paint industry, varnishes, enamels, oils and plastics. The company was exporting to the Soviet Union. At present, the company exports its products the US and Europe. This is the only company in India to receive the ISO 9002 certification for both laundry and industrial grades of ultramarine blue. In 1987, the company diversified by setting up a unit to manufacture HDPE woven sacks. In 1995, the company purchased about 150 acres of land in Coimbatore, Tamilnadu, and set up four windmills which can generate one MW of electricity pa. The company also set up a new plant in Sep.'95, to manufacture synthetic detergent bars/cakes with an installed capacity of 15,000 mtpa. In 1995-96, the company issued bonus shares in the ratio 1:1. Its new plant to manufacture alkyl benzene sulphonic acid with a capacity of 16,000 mtpa, commenced production in Apr.'96. During 1996-97, the company has set up a Linear Alkyl Benzene Sulphonic Acid plant with an installed capacity of 16,000 mtpa was commissioned. The Blue plant expansion at Ranipet by about 1500 mtpa is in full swing and the commercial production will be commenced shortly. In 1997-98, the company expanded the installed capacity of its Ultramarine Blue by 1,500 MT. The company has amalgamated with Sri Narasimha Plastic Industries Pvt. Ltd., in 1999-2000 which will enable the company to carry out the combined HDPE business more economically and advantageously. Also during the year, the ultramarine blue unit and detergent unit at Ranipet has been awarded ISO 9002 Certificate. The IT Enabled Services Division of the company has started functioning at Chennai. During 2000-2001,the company received ISO 14001 Certificate for Blue and Detergent Divisions at Ranipet. The company has expanded the installed capacity of HDPE/PP Woven Fabric during the year 2003-04 by 180 MT and with this expansion,the total capacity has risen to 900 MT.