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Pearl Engineering Polymers Ltd.

BSE: 526562 Sector: Industrials
NSE: PEPL ISIN Code: INE843A01023
BSE 05:30 | 01 Jan Pearl Engineering Polymers Ltd
NSE 05:30 | 01 Jan Pearl Engineering Polymers Ltd

Pearl Engineering Polymers Ltd. (PEPL) - Company History

Pearl Engineering Polymers was incorporated in Jul.'92 as a public limited company at New Delhi. In 1995 it commissioned India's first integrated polycondensation and continuous solid polymerisation plant at Kurkumbh near Pune to produce high-molecular-weight polyester resins with an installed capacity of 20000 tpa.The company produces PET resin the main raw material for the manufacture of PET bottles and containers. PET resins are made from PTA/DMT and MEG as main input raw materials. The material is food-grade non-reactive non-toxic and glossy. It is also chemically resistant and environment-friendly easily recyclable and does not generate noxious gases on combustion. It is having its plant in Pune Maharashtra and its installed capacity is 24840 TPACommercial prodution of PET Chips project commenced in Sep.'95. During 1996-97 the company has also increased its installed capacity of PET Chips to 20700 TPA. The company has filed the necessary reference with BIFR. A scheme of rehabilitation involving fresh equity infusion and restructuring of principal. During the year 1999-2000 the BIFR asked the company to submit its revised rehabilitation proposal by January'2001 for its consideration.