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Lords Chloro Alkali Ltd.

BSE: 500284 Sector: Industrials
NSE: MODIALKALI ISIN Code: INE846D01012
BSE 00:00 | 07 Aug 30.00 -0.50
(-1.64%)
OPEN

30.00

HIGH

33.50

LOW

27.70

NSE 05:30 | 01 Jan Lords Chloro Alkali Ltd
OPEN 30.00
PREVIOUS CLOSE 30.50
VOLUME 481
52-Week high 48.00
52-Week low 18.00
P/E 7.32
Mkt Cap.(Rs cr) 75
Buy Price 30.00
Buy Qty 3133.00
Sell Price 32.40
Sell Qty 5.00
OPEN 30.00
CLOSE 30.50
VOLUME 481
52-Week high 48.00
52-Week low 18.00
P/E 7.32
Mkt Cap.(Rs cr) 75
Buy Price 30.00
Buy Qty 3133.00
Sell Price 32.40
Sell Qty 5.00

Lords Chloro Alkali Ltd. (MODIALKALI) - Company History

Incorporated in Mar.'79, Modi Alkali & Chemicals (MACL) obtained its certificate for business commencement in Mar.'81. After the split among the promoter companies, at present, it is controlled by MPL, MIL and the K N Modi group. The promoters have interests in Modipon, MIL, MCL and Modi Cement. MACL came out with a rights issue of 44.78 lac equity shares at a premium of Rs 20, aggregating 13.43 cr. The object of the issue was to augment long-term working capital needs, expand its caustic soda plant and install an aluminium chloride plant. The products of the company include caustic soda, liquid chlorine, hydrochloric acid, bleach liquor, bleaching powder, TCE and sodium hypo. The company sells its products to bulk consumers. The company has a technical collaboration with Asahi Chemicals Japan, for know-how of the membrane cell technology to manufacture caustic soda. The company exports to Nepal, Bangladesh, South Africa, UK, Australia, etc. Company has modernised the existing Mercury Cell Plant of 200 TPD into Membrane Cell Plant. The company is producing another DG set which is expected to be commenced very soon which will take the production upto 70 MT.