Quarterly results in brief
(Rs crore)
| Dec' 15 | Sep' 15 | Jun' 15 | Mar' 15 | Dec' 14 | |
|---|---|---|---|---|---|
| Sales | 305.51 | 310.18 | 275.92 | 341.86 | 326.95 |
| Operating profit | 53.50 | 35.92 | 16.71 | 6.47 | 29.01 |
| Interest | 25.42 | 30.37 | 27.50 | 16.22 | 30.34 |
| Gross profit | 25.96 | 1.83 | -14.19 | -10.90 | -0.19 |
| EPS (Rs) | 0.15 | -0.25 | -0.52 | -0.41 | -0.25 |
Himadri Chemicals & Industries Ltd, the flagship of Himadri Group, is the largest manufacturer of coal tar pitch in India. The company was founded to develop, manufacture and market chemical products with a special emphasis on coal tar and its derivatives. They supply coal tar pitch to well-known domestic aluminium and graphite industry players like Nalco, Balco, Hindalco, HEG, Graphite India and international players like Dubal, AOG, Graftech and SGL. The company is a leader in the domestic market for the supply of coal tar pitch and other by-products with around 70 percent share of the market.
The company has five state-of-the-art coal tar distillation plants in India. The company has two plants in Howrah, West Bengal, one in Hooghly, West Bengal, one in Visakhapatnam, Andhra Pradesh and one in Korba, Chhattisgarh. Himadri Chemicals & Industries Ltd was incorporated as a private limited company in July 1987. In November 1991, the company was converted into a public limited company. In the year 1996, the company developed a technology for producing impregnating pitch and in the year 1997, they completed the expansion and modernization of their Howrah and Visakhapatnam plant. In the year 1999, the company set up third state of art coal tar distillation plant at Howrah. In the year 2001, they formed the corrosion protection division and starts manufacturing coal tar based pipe coating product at Visakhapatnam. In the year 2002, they introduced Liquid Pitch, which are supplied to the consumers in specialized and dedicated tankers. In the year 2003, the company set up their fourth modernized coal tar distillation plant at Hooghly with capacity to produce 1,20,000 MT of Coal Tar Pitch per annum. During the year 2005-06, the company commissioned a by-product plant in Hooghly for the manufacture of value added products. They also commissioned a pilot plant for the manufacture of advanced carbon material used in lithium ion batteries with in-house technology.
The company expanded the production capacity of the coal tar pitch at Hooghly form 28700 MTPA to 63700 MTPA. The company commenced the supply of coal tar pitch to Dubai Aluminium co, manufacturer of the highest purity aluminium in the world. They also commenced a representative office in China. During the year 2006-07, the company incorporated a wholly owned subsidiary in Hong Kong to manage their customer presence and facilitate the acquisition strategy. They set up a plant at Korba in Chhattisgarh as a precursor. They commissioned two windmills, which can generate 2.50 MW wind energy in the Dhule district of Maharashtra. In the same year, the company completed the first phase of expansion at Mahistikry, West Bengal to manufacture naphthalene. Also, they installed a granulation unit used for cooling coal tar pitch from more than 300 degrees centigrade to atmospheric for onward conversion into solid pencil form. The company expanded the coal tar distillation capacity in Hooghly from 91000 MTPA to 170000 MTPA. During the year 2007-08, the company commissioned their melting plant in Korba plants to build dedicated melting facilities near major customers' plant to accelerate just-in-time delivery.
The company has undertaken a project at Mahistikry in West Bengal for the manufacture of Carbon Black with an annual capacity of 50000 MT and a capitive power plant of 12 MW capacity based on waste heat gas through forward integration. In September 2008, the company through their wholly owned subsidiary company, Himadri Global Investment Ltd entered into a joint venture contract, with Chinese company to takeover existing coal tar distillation plant in Xiaoyi, Shanxi.
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http://articles.economictimes.indiatimes.com/2012-02-06/news/31030975_1_capacity-expansion-himadri-chemicals-tonne-capacity
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http://articles.economictimes.indiatimes.com/2011-07-01/news/29726284_1_organic-growth-capacity-expansion-expansion-plans
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THANKS TO BS, REDIFF,ICHARTS AND ET FOR THEIR INFO SUPPORT.....
