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Supreme Petrochem Ltd.

BSE: 500405 Sector: Industrials
NSE: SUPPETRO ISIN Code: INE663A01017
BSE 15:15 | 24 Jun 733.00 5.25
(0.72%)
OPEN

742.00

HIGH

742.35

LOW

726.00

NSE 15:09 | 24 Jun 732.95 8.05
(1.11%)
OPEN

735.00

HIGH

735.00

LOW

728.00

OPEN 742.00
PREVIOUS CLOSE 727.75
VOLUME 5473
52-Week high 820.00
52-Week low 163.55
P/E 14.45
Mkt Cap.(Rs cr) 6,892
Buy Price 730.05
Buy Qty 10.00
Sell Price 733.00
Sell Qty 47.00
OPEN 742.00
CLOSE 727.75
VOLUME 5473
52-Week high 820.00
52-Week low 163.55
P/E 14.45
Mkt Cap.(Rs cr) 6,892
Buy Price 730.05
Buy Qty 10.00
Sell Price 733.00
Sell Qty 47.00

Supreme Petrochem Ltd. (SUPPETRO) - Company History

Supreme Petrochem promoted by Supreme Industries (SIL) and R Raheja Investments was incorporated in Dec. 1989. It manufactures styrene monomer and polystyrene. The polystyrene plant was set up in collaboration with ABB Lumus Crest USA at Nagothane in Maharashtra with an installed capacity of 66000 TPA. Polystyrene is a thermoplastic resin having applications in television cabinets car components novelty items food packaging audio and video cassettes computers air-conditioners and washing machines beeds bangles etc. It manufactures high quality polystyrene using the proven Huntsman process at its state-of-the-art plant and has a market share of around 55%.The polystyrene industry have experienced difficult conditions in the past mainly due to significant capacity additions and lower demand. This adversely affected the profitability of company But recently due the improvement in the global economy and particularly that of South-East Asia has resulted in improved demand for polystyrene. Also recovery in petrochemical prices has resulted in increase in polymer prices in recent times. Helped the company to improve its profitability.The company has been certified by several of the industry's leading certifying bodies. This stands as an assertion of the superior quality of its products and adherence to international standards. ISO 9002 from BVQI ISO 14001 from DNV Five Star ratings from the Company's Health and Safety Management System from British Safety Council & Dr. R.J. Rathi Award for Environmental Pollution Control.In 1999-2000 to part finance its expansion project the company allotted 15000000 10.5% Cumulative Redeemable Preference Shares of Rs 10/- each aggregating to Rs 1500 lacs on private placement basis.During 2000-2001 it completed the expansion projects to increase the capacity of Polystyrene from 112000 TPA to 204000 TPA. Its Compounded Speciality Polystyrene facility with 17000 TPA commissioned successfully and was under trial runs. Also it has received approval for setting up a Jetty and Chemical Handling Terminal at Raigad Maharashtra.