HINDUSTAN ORGANIC CHEMICA Share price

Hindustan Organic Chemical Limited (HOCL) was incorporatedon December 12 1960 under the Companies Act 1956 as awholly owned enterprise of the Government of India.HOCL was incorporated with a view to set up manufacturingof chemical intermediates with the objective of givingimpetus to the development of downstream industrial unitsin sectors like Dyes and Dye intermediates Drugs andPharmaceuticals Rubber Chemicals Laminates Solvents etc.The first unit was set up at Rasayani in Maharashtra whichcommenced production in 1970. The second unit was startedat Cochin in Kerala which started production in 1988.HOCL procured technologies from many advanced countrieslike Japan Sweden Germany UK & USA to manufacturequality products with maximum efficiency. Thesetechnologies were purchased on outright basis and HOC hassuccessfully absorbed all of them. Further expansion ofrated capacities of important products has been achievedbased on inhouse technology development and R & D work.The Phase I Projects of HOC consisting of NitrobenzeneAniline Hydrogen Acetanilide FormaldehydeMeta-Amino-Phenol Benzene Hexa Chloride SulphuricAcid/Olemus Monochlorobenzene Nitrochlorobenzene andNitrotoluene plants were commissioned during the years 1971to 1976.The Phase II Plant covering Nitrobenzene Aniline Hydrogenand Concentrated Nitric Acid were subsequently added in theyear 1980-81. In the year 1987-88 (March 88) the PhenolUnit at Cochin was commissioned. In the year 1987-88(March 88) a subsidiary company viz. HindustanFluorocarbons Ltd. was commissioned at Hyderabad. To takecare of the power cuts in the Kerala State a captive powerplant was set up at Cochin in the year 1991-92. In theyear 1993-94 220 KV Substation and co-generation of powerand steam were commissioned in Rasayani Unit. Phase IIIprojects consisting Aniline Nitrobenzene and Hydrogen areexpected to be commissioned in October 1994.