State-owned Hindustan Organic Chemicals (HOCL) has raised Rs 100 crore through four-year bonds, which carries an interest rate of around 10%. It will be utilizing these funds for its expansion plans. The company is reporting losses from last few years as its Rasayani unit in Maharashtra is not able to deliver positive results.
Hindustan Organic Chemicals provides the basic organic chemicals essential for vital industries like resins and laminates, dyes and dyes intermediates, drugs and pharmaceuticals, rubber chemicals, paints, pesticides and others, touching virtually facet of everyday life.
