Advance Petrochemicals Ltd (506947)

Advance Petrochemicals Ltd. is a India-based exporter, manufacturer, stockiest, wholesaler, producer, supplier, distributor and dealer of specialized chemicals used in various industries. It provides raw materials and auxiliary chemicals for industries like Textile, Mineral oil, Pesticide, Leather, Paper, Pharmaceutical, Man made fabric, Paint, Automobile, Aircraft, Refinery, etc. It was founded in 1985 as a Partnership concern and was converted to a Public Limited Company. The company has a range of products for the automobile, aircraft, textile, refinery, crude oil, leather, pesticide, paint, lubricant, wood, masonry, food, cosmetic, pharmaceutical, metal construction, power plant, mineral and mine industries. In the financial year 1995-1996, the company received firm orders for 100 MT of break fluids from Mahindra and Mahindra Limited. Later, they also developed a High Flashpoint Inhibitor for Defence and a perfuming product named Phenyle. In 2003-2004 they executed some huge orders for Break Fluids and 65 Coolant and FlameProof Hydraulic Fluid used in defence and mining industries respectively. Unfortunately, in 2006-2007 a major fire occurred due to an explosion in a distillation tank in the factory, resulting in heavy damages to the plant and most of the stocks being destroyed. There were also casualties as a result.

Share Price: ₹177.65 per share as on 18 May, 2024 04:01 PM
Market Capitalisation: ₹15.99Cr as of today
Listing date: 01 Jan, 0001
Chairperson Name: Pulkit Goenka