Excel Industries Ltd Results Summary

Excel Industries incorporated in 1960 is part of A C Shroffs Excel Group and is into manufacture of industrial chemicals speciality chemicals biofertilisers and bioremediation technologies. As part of its restructuring plan the company has divested its Agri businessPesticides to Excel Crop Care Ltderstwhile West Coast Oxygen Ltd a group company w.e.f April 1 2002. Global Pesticide major Nufam of Australia is expected to pick up a sizeable stake in the Excel Crop Care Ltd.Even though the Tata Group acquired an financial interest in this company Excel Industries is continue to be managed by members of the Shroff family. To bring more foucus on each busines line of activity the company has restructured its business under four divisions i.e Agri Business Chemicals Business Environ Biotech Business and Life Sciences Business supported by appropriate corporate functions in FY 19992000. The company further commissioned the plant for manufacture of Celrich at Ahmedabad having a treatement capacity of 500 MT of waste per day during 19992000.During 20002001 the Company successfully commissioned the plant to manufacture special purpose Polymer Additive having a capacity of 200 tonnes per annum and also carried out substantial expansion of production capacity of Phosphonates from 5000 tonnes per annum to 7000 tonnes per annum at its Lote Parshuram Unit. The company has also launched 3 new formulations under the brand name of CelcronHexzol and Bipex. The Chemicals Business division has successfully commissioned 2 plants viz 200 TPA mining chemicals plant and 200 TPA to manfacture speciality chemicals.Erstwhile Agri Business :The company received the ISO 9002 certification for its Bhavnagar unit in 1995 becoming the first Indian agrochemical company to achieve this distinction. It made a beginning in new businesses like microirrigation systems seeds etc through a combination of marketing and manufacturing efforts. The plant to produce butenediol one of the major raw materials needed for the production of endosulfan was expanded in 199495.EIL also successsfully converted the Endosulfan Plant at Bhavnagar enabling consumption of non Ozone Depleting solvent in place of Ozone Depleting Solvent as required under the Montreal Protocol.During 200102 the Agribusiness division has expanded its manufacturing capacity of Organophosphorous Compounds at this division. With effect from October 2001 Waman Industrial Chemicals Ltd a company with production of Phsophorous Pentasulphie was amalgamated with EIL Ltd.