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Refnol Resins & Chemicals Ltd.

BSE: 530815 Sector: Industrials
NSE: N.A. ISIN Code: INE428C01011
BSE 14:41 | 10 Aug 63.00 8.55
(15.70%)
OPEN

52.25

HIGH

63.00

LOW

50.15

NSE 05:30 | 01 Jan Refnol Resins & Chemicals Ltd
OPEN 52.25
PREVIOUS CLOSE 54.45
VOLUME 7965
52-Week high 63.00
52-Week low 26.55
P/E
Mkt Cap.(Rs cr) 19
Buy Price 60.00
Buy Qty 50.00
Sell Price 61.90
Sell Qty 15.00
OPEN 52.25
CLOSE 54.45
VOLUME 7965
52-Week high 63.00
52-Week low 26.55
P/E
Mkt Cap.(Rs cr) 19
Buy Price 60.00
Buy Qty 50.00
Sell Price 61.90
Sell Qty 15.00

Refnol Resins & Chemicals Ltd. (REFNOLRESINS) - Company History

Refnol Resins and Chemicals was incorporated on 1 Dec.'80 as a private limited company. It was converted into a public limited company in Sep.'94. The company forms part of the well-known Mahendra Khatau group of companies and is promoted by Mahendra Khatau and Anil Khatau. Its manufacturing facilities are located at Naroda Ahmedabad.Refnol commenced commercial production in 1981-82 by setting up a plant for re-refining waste lubricating oils. In 1987 it undertook a major diversification to manufacture textile sizing chemicals in technical collaboration with Seydel International US. The company started manufacturing saturated/unsaturated polyester resins in 1989. Polyester resins find appliation in fibre glass composites cultured marble etc. The company made a public issued in 1995 and the proceeds was used by financing the expansion programme involving the increase of textile sizing chemicals from 1800 tpa to 3000 tpa.The company has been referred to BIFR as the Networth was fully eroded and the Board had declared the company as Sick.

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