LAXMI ORGANIC INDUS Share price

The Company was incorporated as Laxmi Organic Industries Limited at Mumbai Maharashtra as a public limited company under the Companies Act 1956 pursuant to a certificate of incorporation dated May 15 1989 issued by the RoC. the Company received a certificate for commencement of business on December 20 1989 pursuant to the provisions of the Companies Act 1956.Major events and milestones of the Company :1992- Commission of the AI Manufacturing Facility at Raigad for manufacturing of glacial acetic acid 1996 Commenced production of ethyl acetate2004- Installation of two windmills at Chitradurga district Karnataka with capacities of 0.6 MW each.- Receipt of ISO 9001-2000 certifications for manufacture and marketing of ethyl acetate acetic acid and absolute alcohol.2006- Installation of windmill at Ghatnandre Sangli Maharashtra with capacity of 1.25 MW2008- Expansion of ethyl acetate manufacturing capacity at the AI Manufacturing Facility to 51000 MT- Setting up of distillery at Jarandeshwar2010- Acquisition of Clariant’s ketene/diketene business and expansion into diketene and diketene derivatives products by commissioning of the SI Manufacturing Facility - Receipt of ISO 14001:2009 and OHSAS 18001:2007 certifications for manufacturing and marketing of ethyl acetate acetic acid and its derivatives acetaldehyde and absolute alcohol2011- Increase from 8900 MT to 13380 MT in the capacity of diketene and diketene derivatives and expansion of ethyl acetate capacity to 120750 MT- Setting up of DSIR approved R&D centre at the SI Manufacturing Facility2012- Investment by the International Finance Corporation in the Company2013- Incorporation of the Subsidiary Laxmi Organic (Europe) B.V. in Netherlands Europe- Incorporation of the Subsidiary Laxmi Petrochem Middle East FZE in Sharjah2018- Commissioning of the hydro-electric power project at Yedgaon2019- Receipt of DSIR registration for the Rabale Innovation Centre2020- Acquisition of assets from Miteni by VLPL2021- Receipt of USDA Certified Biobased Product label from U.S. Department of Agriculture for ethyl acetate- Signing of definitive agreements for the YCPL Acquisition- Receipt of ISO 45001:2018 ISO 9001:2015 and ISO 14001:2015 certification for the manufacturing marketing and sales of ethyl acetate acetic acid and its derivatives acetaldehyde and absolute alcohol- Investment in Cleanwin Energy One LLP which is engaged in the business of generation of renewable energy to acquire 26% stake and execution of a power purchase agreement in connection therewith.Awards accreditations or recognitions :2018- The Company won the Maharashtra Safety Awards - 2018 for “Meritorious Performance in Industrial Safety During the Year 2017” in Chemicals & Fertilizers granted by the National Safety Council – Maharashtra Chapter.2020- The Company won the ICC Award 2019 for “Excellence in Energy Conservation and Management” granted by the Indian Chemical Council- The Company won the 21st National Award for Excellence in Energy Management 2020 for “Energy Efficient Unit” granted by the Confederation of Indian Industry for the manufacturing Unit 2 in Mahad