Atul gains on inaugurating world’s biggest para Cresol Chemicals manufacturing plant

Atul is currently trading at Rs. 194.50, up by 1.75 points or 0.91% from its previous closing of Rs. 192.75 on the BSE.

The scrip opened at Rs. 193.00 and has touched a high and low of Rs. 197.00 and Rs. 193.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 240.60 on 21-Jul-2011 and a 52 week low of Rs. 135.00 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 205.00 and Rs. 191.50 respectively. The current market cap of the company is Rs. 576.00 crore.

The promoters holding in the company stood at 50.06% while Institutions and Non-Institutions held 9.05% and 40.89% respectively.

Atul has inaugurated world’s biggest para Cresol Chemicals manufacturing plant. The Chief Minister of Gujarat has inaugurated the plant located at Ankaleshwar on April 06, 2012.

The Aromatics Division’s Ankleshwar site is spread over a land area of 33 acres, houses 4 major plants which are highly automated and utilise Distributed Control System (DCS), among these plants, the para Cresol plant is the biggest. The site is fully integrated with independent utilities set up. All the manufacturing processes are as per ISO 9001:2008 and ISO 14001:2004.

Atul is a member of Lalbhai Group, one of the oldest business houses of India, with interests mainly in textiles and chemicals. The Group is strongly committed to serve the society in the fields of education, health as well as culture. The company operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers.