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Alkyl Amines Chemicals Ltd.

BSE: 506767 Sector: Industrials
NSE: ALKYLAMINE ISIN Code: INE150B01039
BSE 10:40 | 30 Jan 2609.15 2.95
(0.11%)
OPEN

2639.95

HIGH

2645.00

LOW

2602.10

NSE 10:29 | 30 Jan 2608.00 0.80
(0.03%)
OPEN

2607.20

HIGH

2642.40

LOW

2601.10

OPEN 2639.95
PREVIOUS CLOSE 2606.20
VOLUME 714
52-Week high 3586.65
52-Week low 2506.40
P/E 58.84
Mkt Cap.(Rs cr) 13,333
Buy Price 2604.85
Buy Qty 1.00
Sell Price 2610.20
Sell Qty 10.00
OPEN 2639.95
CLOSE 2606.20
VOLUME 714
52-Week high 3586.65
52-Week low 2506.40
P/E 58.84
Mkt Cap.(Rs cr) 13,333
Buy Price 2604.85
Buy Qty 1.00
Sell Price 2610.20
Sell Qty 10.00

Alkyl Amines Chemicals Ltd. (ALKYLAMINE) - Company History

Alkyl Amines Chemicals (AACL) is a global manufacturer and supplier of amines amine derivatives and other specialty chemicals. The Company has 3 manufacturing sites 2 in Maharashtra i.e. at Patalganga and at Kurkumbh and 1in Gujarat i.e. at Dahej. It has a R&D Centre at Pune Maharashtra equipped with advanced equipment and analytical instruments. It also has a Solar Plant at Bhoom Maharashtra. Its products have application in industries like pharmaceuticals agrochemicals water treatment chemicals foundry chemicals rubber chemicals etc. It cater to both domestic and international market having competition from local and international producers.The Company was incorporated on October 17th 1979 and is presently engaged in manufacturing and selling of specialty chemicals. Some of the new products developed by the company are diethyl hydroxylamine (DEHA) dimethyl cyclohexylamine (DMCHA) speciality intermediates insect repellents such as diethyl toluamide (DETA) besides dimethyl amino propylamine (DMAPA) various hydrochlorides and speciality corrosion inhibitors.The plant for these was set up in technical collaboration with Leonard Process Co Inc US in 1962. The Company started commercialproduction in 1982. A second plant was set up in 1991 to manufacture ethyl and methyl amines in technical collaboration with Acid Amine Technologies Inc US. AACL's products find applications in agro chemicals pesticides rubber chemicals water treatment chemicals and other speciality chemicals. In 1996-97 the paid up equity capital is enhanced from Rs 2.66 Cr to 3.66 Cr due to equity warrants were converted into equity shares of Rs 10 at a premium of Rs 30 per share. The installed capacity of Aliphatic Amines & Derivatives has expanded from 11000 to 13300 mtpa.The company had set up a 10000 mtpa of Ethylamines plant at Kurkumbh and was commissioned on March 2000. It has also set up a Hydrogen plant at Kurkumbh and which was commissioned on November 1999.In 2000-2001 the company has started commissioning Ethylamines plant at Kurkumbh and because of that the production has increased substantially with reduction in costs due to economies of scale.The commercial production of betaines for Goldschmidt Alkyl Speciality Chemicals Private Limited have commenced. During 2001-02 the company had acquired 32% of shareholding of Diamines and Chemicals LtdBaroda which is a BIFR company under revival. Alkyl Finance & Trading Ltd was amalgamated with DACL.Alkyl Technology Ventures Limited had become a defunct company and therefore had applied to the Registrar of Companies Maharashtra for striking its name off the register framed by the Department of Company Affairs Government of India in 2004. In 2009 Company had registered a wholly owned subsidiary company in the name of Alkyl Amines (Europe) SPRL in Belgium with an initial share capital of Euro 12400 of expanding and consolidating the company's export business in Europe.During the year 2012-13 Company commissioned a new Boiler at Kurkumbh at a cost of around Rs. 6 crores. It commissioned new plant to produce Acetonitrile a chemical which has applications in pharma and agrochemical sectors. The Company sub-divided equity share of Rs. 10/- each into equity share of Rs. 5/- each with effect from September 9 2014.On March 24 2018 Company commenced Methylamines Plant at Dahej which was delayed due to unexpected heavy rains. Application for merger of a subsidiary company Alkyl Speciality Chemicals Limited was approved by National Company Law Tribunal and was merged with Company with effect from April 1 2016. On November 18 2019 the Company disposed of equity shares representing 30.44% stake held in its associate Diamines and Chemicals Limited and ceased to be an Associate Company of Company.During the year 2020-21 Company enhanced production capacity of Methylamines at Dahej and capacities of DMAHCL powder plantand Hydrogenation plant at Kurkumbh.During the financial year 2021-22 a new Acetonitrile plant at Dahej was commissioned.

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