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National Oxygen Ltd.

BSE: 507813 Sector: Industrials
NSE: NOL ISIN Code: INE296D01010
BSE 13:53 | 30 Jun 94.05 -2.65
(-2.74%)
OPEN

97.35

 HIGH

98.00

 LOW

93.25
NSE 05:30 | 01 Jan National Oxygen Ltd
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OPEN 97.35
PREVIOUS CLOSE 96.70
VOLUME 353
52-Week high 233.90
52-Week low 42.10
P/E 5.92
Mkt Cap.(Rs cr) 45
Buy Price 95.00
Buy Qty 1.00
Sell Price 98.00
Sell Qty 9.00
OPEN 97.35
CLOSE 96.70
VOLUME 353
52-Week high 233.90
52-Week low 42.10
P/E 5.92
Mkt Cap.(Rs cr) 45
Buy Price 95.00
Buy Qty 1.00
Sell Price 98.00
Sell Qty 9.00

National Oxygen Ltd. (NOL) - Company History

Incorporated as a private limited company in 1974 and converted into a public limited company in Sep.'75 National Oxygen (NOL) was promoted by G N Saraf. From 1975-80 the company was mainly trading in industrial/medical gases.In 1980 NOL installed and commissioned its first oxygen plant with a capacity of 63 cu mtr ph at Mathur in the Pudukottai district of Tamilnadu. In 1981 it installed a dissolved acetylene plant at the same premises at a cost of Rs 20.45 lac with term loan assistance from SIPCOT. Again in the next year it commissioned its second oxygen plant at the same premises at a cost of Rs 53.75 lac with term loan assistance from SIPCOT.An additional plant for compressing waste nitrogen into commercial grade nitrogen was installed in 1985. During the same year it went public to part finance its expansion to set up a 165-cu mtr ph capacity plant at Pondicherry. The expansion project commenced production from Sep.'87.In Jul.'94 the company came out with a rights issue to set up a liquid oxygen / liquid nitrogen / liquid argon tonnage plant with a capacity of 75 tpd.In 1995-96 its expansion project was completed.

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