The 5-year analysis of Hindustan Organic Chemicals Ltd's performance infers:
We analysed the performance of Hindustan Organic Chemicals Ltd share prices over the last 10 years. Here is what we found out:
Hindustan Organic Chemicals (HOC) was set up by the Government of India in 1960 with the objective of attaining self-reliance in basic organic chemicals needs. In fact this was the first endeavor to indigenise manufacture of basic chemicals and to reduce countryâ€™s dependence on import of vital organic chemicals. HOC, started as small chemical unit, has today acquired the status of a multiunit company with two fast growing units and one subsidiary unit.
It was expected that
It was expected that indigenous manufacture of these chemical intermediates will give impetus to downstream industries resulting in setting up of chemical units and achieving self-sufficiency for the country in this area. This objective of setting up HOC has been achieved and at present more than 500 units based on HOCâ€™s products have been set up all over the country which have not only succeeded in meeting the goal of self-sufficiency but also entered the international markets earning precious foreign exchange by exporting chemicals, dyes and drugs.
HOC 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.
HOCL has two manufacturing units at Rasayani, Dist. Raigad in Maharashtra & at Kochi in Kerala. HOCL also has its subsidiary HFL manufacturing unit at Hyderabad in Andhra Pradesh.
The main products manufactured by HOCL are Phenol, Acetone, Nitrobenzene, Aniline, Nitrotoluenes, Chlorobenzenes and Nitrochlorobenzenes. The raw materials used by HOCL are Benzene, Toluene, LPG, Methanol, Naphtha and Sulfur, majority of which come from petroleum refineries.
HOC 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.It also produces the versatile engineering plastic polytetrafluoroethylene (PTFE) through its subsidiary.
The main products manufactured by HOCL are :
Phenol, Acetone, Nitrobenzene, Aniline, Nitrotoluenes, Chlorobenzenes and Nitrochlorobenzenes, plastic polytetrafluoroethylene
The company is having a subsidiary -- PTFE Complex -- at Rudraram, Hyderabad in Andhra Pradesh engaged in production of Polytetrafluoroethylene â€“ Granular, Polytetrafluoroethylene - Fine Powders, Polytetrafluoroethylene â€“ Compounded and Polytetrafluoroethylene - Dispersions
Awards & Achievements:
Quality & ISO Certification :