GSL Nova Petrochemicals Ltd - Stock Valuation and Financial Performance

Incorporated on December 23, 1993 Nova Petrochemicals is an association between Chiripal Group and Gupta Group. Nova Petrochemicals derives its primary strength from its roots being firmly entrenched in the soil. Commercial production of the company began in January 1995. Today it has grown to a size of Rs.500 crore company.

It was with an experience and exposure of over 20 years in the processing of fabrics, texturising, sizing, dyeing and exports of fabrics, that Nova made its foray into the manufacture of polyster yarn - beginning, with POY (Partially Oriented Yarn). Manufacture of draw twisted, micro filament and texturised yarn followed. The year was 1994. Nova hasn't looked back since. Six years down the line has seen Nova products take off. Reasons are many and varied, but the prime being - quality at no compromise.

Nova manufactures partially oriented yarn, micro-filament yarn, draw twisted yarn, texturised yarns and fully drawn yarns. In 1999, in keeping with its philosophy to exceed its own performance, 10 end parallel spinning lines from Barmag AG, Germany, were installed in the plant to manufacture micro filament yarn and since then it has gone ahead with its expansion drive and reached a production capacity target of 200 MT/Day.

Facilities at Nova premises are all computerised; not for the reason of having to be, but for the reason of wanting to be. The Nova philosophy is crisp and clear: uniformity  has to be in conformity with quality; and vice versa; and for that correlation is the basic ingredient. This is possible if facilities are comprehensive and parameters computerised. Perfection, therefore, comes naturally to Nova

Right from the purchase of raw materials to the final product, Quality checks are carried out at each and every stage. Besides, online quality monitoring; checks are also carried out at the stage of post production.

Quality at Nova, is therefore, more than a mere seven-letter word. It is a part and parcel of its very existence, and its longest drawn process; quite simply, because it is an ongoing one. That the organisation has grown in a period of seven years because of its adhering to stringent quality controls only endorses Nova's decision to move ahead with quality in tandem.

Product range of the company includes:

• Partially Oriented Bright Yarn ( TL )
• Partially Oriented Semi Dull Yarn
• Polyester Textrised Raw White Yarn
• Polyester Black Textrised Yarn