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Manali Petrochemicals Ltd.

BSE: 500268 Sector: Industrials
NSE: MANALIPETC ISIN Code: INE201A01024
BSE 00:00 | 17 Oct 34.95 -0.70
(-1.96%)
OPEN

36.45

HIGH

36.90

LOW

34.80

NSE 00:00 | 17 Oct 35.05 -0.65
(-1.82%)
OPEN

36.05

HIGH

36.75

LOW

34.85

OPEN 36.45
PREVIOUS CLOSE 35.65
VOLUME 126781
52-Week high 55.75
52-Week low 29.75
P/E 8.72
Mkt Cap.(Rs cr) 601
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 36.45
CLOSE 35.65
VOLUME 126781
52-Week high 55.75
52-Week low 29.75
P/E 8.72
Mkt Cap.(Rs cr) 601
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Manali Petrochemicals Ltd. (MANALIPETC) - Company History

Incorporated in Jun.'86, Manali Petrochemicals was promoted by Southern Petrochemicals Industries Corporation. It manufactures import-substitute chemicals like propylene oxide, propylene glycol, polyol, isocyanate and others. These chemicals are key inputs for the manufacture of polyurethane foams having wide ranging applications. Propylene glycol is extensively used in pharmaceuticals, food flavours, essences, cigarettes, cosmetics and perfumery. For its products, the company has collaborations with Ato Chem, France; Arco, USA; through Technip, France. The company also has new improved formulations to manufacture bicycle tyres and rice mill rollers. In Feb.'93, it came out with a rights issue to meet the cost of setting up new facilities and to enter into trading of isocyanates which is not being manufactured locally. The company's promoter, SPIC, is also taking over UB Petroproducts, its only domestic competitor, thus putting the company in a favourable position. It has expanded the capacity of PO,PG and Polyol. The company also developed a new process for manufacture of eco-friendly Glycol Ethers of which commercial production commenced. The company was accredited with the ISO 9001: 1994 certificate by Det Norske Veritas. The Company is contemplating merger of Spic Organics Limited, a company belonging to the same group with the company, considering the various benefits that would accrue in the merged operations.The merger has been approved by the Hon'ble High Court of Madras on 21st March 2001.