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Manali Petrochemicals Ltd.

BSE: 500268 Sector: Industrials
NSE: MANALIPETC ISIN Code: INE201A01024
BSE 00:00 | 26 Jul 83.70 0.65
(0.78%)
OPEN

83.70

HIGH

85.00

LOW

83.10

NSE 00:00 | 26 Jul 83.65 0.55
(0.66%)
OPEN

84.75

HIGH

85.00

LOW

83.10

OPEN 83.70
PREVIOUS CLOSE 83.05
VOLUME 107285
52-Week high 90.00
52-Week low 19.50
P/E 6.93
Mkt Cap.(Rs cr) 1,440
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 83.70
CLOSE 83.05
VOLUME 107285
52-Week high 90.00
52-Week low 19.50
P/E 6.93
Mkt Cap.(Rs cr) 1,440
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 POPG 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.

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