TECIL CHEMICALS & HYDRO P Share price

The Company was incorporated in the year 1945 by Shri V PVarde and Shri. M S Bhandarkar with the object ofmanufacturing Graphite products and Calcium Carbide in theerstwhile State of Travancore now merged into Kerala. Themanagement of the Company was takenover by Shri G D Somaniand family in the year 1964.One of the Calcium Carbide plants of the Company wasoriginally imported from M/s Chemianlagan East Germany andwas commissioned in 1965.The Company has since expanded manifold and its presentlicensed/ installed capacity for manufacture of CalciumCarbide is 15000 TPA and for manufacture of Ferro-Siliconand vice versa can be achieved by the Company any timedepending on the market requirements. The earlier twoplants run on Calcium Carbide were converted intoFerro-Silicon in the years 1991 and 1993.Today the Company has three furnaces capable ofmanufacturing 15000 TPA of Calcium Carbide each or whichcan be converted to manufacture 7500 TPA of Ferro Siliconeach. The Company has a licensed capacity of 40000 TPA ofCalcium Carbide.The Company then implemented the projects ofdiversification and in the year 1978 the Company set upplants for manufacture of Acetylene Black (capacity 1000TPA) used for manufacture of Dry Cell Bafleries. Thiscapacity was subsequently increased to 2000 TPA in 1982.The Company''s unit is the largest in the countrymanufacturing Acetylene Black.In the year 1989 the Company further diversified andinstalled a plant for manufacture of DesulphurisationCompound in technical collaboration with M/s SKW TrostbergGermany with a licensed capacity of 10.000 TPA. Thisproduct is used for removing the sulphur impurities forsteel. The Company diversified its two Calcium CarbidePlants for manufacture of Ferro-Silicon which is also usedby the Steel Plants. The Company also installed the latestversion of the Lime Kin for manufacture of lime with aninstalled capacity of 160 TPD.The Company is the largest merchant manufacturer of CalciumCarbide and Acetylene Black and the only manufacturer ofDesulphurisation Compound in the country. This is based ona review of the capacities sanctioned through industdallicences for the manufacture of these products by theGovernment of India and the number of Companies presentlymanutacturing and marketing these products and also fromthe demand-supply study of CARBIDE RESEARCH & EXPORTDEVELOPMENT ORGANISATION New Delhi. Desulphurisationcompound was hitherto imported from West Germany Japanetc. by the Steel Plants of India. The Company has ts ownengineering workshops for the fabrication of plants andequipments and most of the work in respect of expansion andsetting up of the new plants was done by the Company in itsown workshops.