DAI-ICHI KARKARIA Share price

Dai-Ichi Karkare Limited (DIKL) was set up in 1960 as a privatelimited company for the manufacture of speciality chemicals. TheCompany entered into technical collaboration with theinternationally known speciality chemicals manufacturer Dai-IchiKogyo Seiyaku Co. Limited of Kyoto Japan (DKS) and commencedcommercial production in 1963. The Company''s plant is locatedat Kasarwadi Pune. Speciality chemicals belong to a class ofproducts which are tailor made and function specific. TheseChemicals find use in a wide range of industries. The Companywas the first company in the country to produce ethylene oxidederived sunfactants and has pioneered development of wide rangeof speciality chemicals such as viscose modifiers for yarn pourpoint depressant for transportation of crude oil and severalother speciality high value added products. For its importsubstitution work the Company was awarded a certificate of meritby the Industrial Research Development Corporation in 1973 andby the Indian Merchants Chamber in 1984 for original research inthe vital area of oil field chemicals. Over the years theCompany has carved a niche as one of the leading specialitychemical manufacturers in India. The product range of theCompany has grown in line with the changing needs of the Indianprocess industry. The Company''s reliance on advanced chemicaltechnology and engineering has led to the creation of a highlysophisticated and automated plant that has the versatility tomanufacture different products under greatly varying conditionsfor highly diversified industries. Today the Company''s clienteleincludes most of the best names amongst the Indian corporates.With a view to strengthen ifs relationship with the Company OKSis investing in 165000 shares of Rs.10/- each of the Company ata premium of Rs.90/- per share.In addition the Company through its joint venture subsidiarycompany has collaborated with a Fortune 500 company viz. BakerHughes Inc. which is a giant US based conglomerate in the oilfield chemicals and services sector. The Indian joint venturesources several sophisticated intermediary products from theCompany. This has not only enhanced the range of the Companyproducts but has also provided the Indian oil industry with thelatest technology in oil field chemicals.