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Futura Polyesters Share Price

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NSEBSE
Stock not traded
Stock not traded

BSE : 500720

NSE : INDIANORG

Sector : Industrials

ISIN Code : INE564A01017

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Market Cap (₹ Cr)

0

Turnover (₹ Cr)

0.00

Volume (Shares)

52-WK High

0.00

52-WK High Date

Invalid date

52-WK Low

0.00

52-WK Low Date

Invalid date

All Time High

122.64

All Time High Date

02 Dec 1994

All Time Low

All Time Low Date

Invalid date

Futura Polyesters Ltd

Futura Polyesters Ltd.(formerly Indian Organic Chemicals Ltd) is into manufacture of Speciality Fine Chemicals and Polyesters. The company was promoted by B M Ghia and D S Dalal as a public limited company in Feb.'60.The Chemical division of the company manufactures Alcohol based cheimicals like acetic acid acetic anhydride acetaldehyde benzyl products plasticisers and glyoxal from its plant at Khopoli Maharashtra.The Polyester division has manufacturing facility at Manali near Chennai in Tamilnadu. The main products of this division is PSF and PFY and PET Resins. The PET resin business of the company owns an export oriented unit enagaged in PET resins exporting mainly to USA and Eastern Europe. The PET preforms business of the company caters mainly to carbonated beverage segment.The company is undertaking an major restructuring exercise which envisages spinning off the Chemical division of the company into a separate subsidiary viz. Innovasynth Technologies (India) Ltd w.e.f. Jan 1 2004. This is subject to necessary approvals.IOCL made a Rs 26.25-cr rights issue in Mar.'92 of 15% PCDs to part-finance its project for phenyl glycine and its derivatives in Khopoli Maharashtra at an estimated cost of Rs 24.43 cr and also to meet the normal capital expenditure. The company has completed its project of para hydroxy phenyl glycine & its dane salt with positive results during 1996-97.A contract signed with CIBA Speciality Chemicals during 2000 for manufacture of speciality chemicals has started the operations and is progressing smoothly. The company is planning to absorb new technologies for their Chemicals Division like Pharma intermediates Aroma Chemicals etc. The company has identified nucleoside chemistry an important area to concentrate on by supplying products to Research Based companies in the US and Europe.IOCL along with Pepsi Foods floated a joint venture Futura Polymers to set up a Rs 75-cr plant to produce polyester resin used in the manufacture of PET bottles. The project was set up as a 100% EOU and commenced operations in 1994-95. The capacities of PET resin would be increased from 28000 MT to 62000 MT p.a in 2001-02.During 1998-99 the company acquired Transmere Inc. Mauritius from PepsiCo and subsequently amalgamated it with the Company.The company has decided to spin off the Chemical Division at Khopoli to a separate company as on going business and amalgmation of Futura Polymers Ltd. Chennai (100% subsidiary of the company) with the company. The companys chemical division was taken over by Innovasynth Technologies(India) Ltd. The amalgamation between Futura Polymers and the company was approved with effect from 1st April2002. IOCL also has a software division -- Sonata. It plans to set up a joint venture with equity participation to market software and digitising services in the US which will provide a marketing base to Sonata.

Futura Polyesters Ltd - Key Fundamentals

PARAMETER VALUES
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Year Low/High

0.00

0.00

All time Low/High

1.58

123.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week%%-2.33-2.19%
1 Month%%0.410.57%
3 Month%%-0.250.52%
6 Month%%10.2412.24%
1 Year%%20.7124.23%
3 Year%%49.3851.51%

Company Info

Company Information

Chairman & Managing Director : S B Ghia

Joint Managing Director : M D Dalal

Independent Director : M V Gopinath

Addtnl Independent Director : Neelam M Shah

Registered Office: 111 T V Industrial Estate, S K Ahire Marg Worli,Mumbai,Maharashtra-400030 Ph: 91-22-24923080

Email:futuraho@futurapolyesters.com

URL:http://www.futurapolyesters.com