Manali Petro Share Price

Manali Petrochemicals, Inc. was founded in June 1986 with the help of Southern Petrochemicals Industries Corporation. It produces chemicals used as substitutes for those imported, such as propylene oxide, glycol, polyol, and isocyanate. Without these chemicals, you won't be able to make polyurethane foams, which have so many uses.

Numerous industries, from medicine to the food and beverage industries to tobacco, cosmetics, and fragrances, rely heavily on propylene glycol. The business works with French firms Ato Chem and Arco, as well as American firm Arco through the French firm Technip, to produce its goods. The firm also makes bicycle tires and rollers for rice mills using its new, more effective formulas.

It issued a rights offering in February 1993 to finance the construction of additional plants and the acquisition and distribution of isocyanates (which were not produced in-country at the time). The firm's promoter, SPIC, is also acquiring UB Petroproducts, the company's only domestic rival. As a result, the storage capacities of PO, PG, and Polyol have increased. Commercial production of the company's environmentally friendly Glycol Ethers also began after implementing a new manufacturing technique. Det Norske Veritas has awarded the business its ISO 9001: 1994 certification.

The many synergies that would result from merging with Spic Organics Limited, a sister business to the Company, have prompted serious consideration of a merger on the part of the Company.

On March 21, 2001, the Hon'ble High Court of Madras allowed the merger.

Numerous industries rely on propylene glycol, including those related to medicine, food flavouring, tobacco, cosmetics, and fragrance. The company's products result from partnerships with Ato Chem France, Arco USA, and Technip France. The firm also makes bicycle tires and rollers for rice mills using its new, more effective formulas. To finance the construction of its new facilities and its foray into the international trade of isocyanates, which are not produced in the country, the company issued a rights offering in February 1993. The firm's promoter, SPIC, is also acquiring UB Petroproducts, the firm's only local rival. POPG and Polyol have had their capacities increased as a result.

Commercial production of the company's environmentally friendly Glycol Ethers also began after implementing a new manufacturing technique. Det Norske Veritas has awarded the business its ISO 9001: 1994 certification. The many synergies between the businesses have the corporation exploring a merger with Spic Organics Limited, another member of the same group. On March 21, 2001, the Hon'ble High Court of Madras allowed the merger. Do you want to know about the Manali Petrochemicals Shares? Click Here to learn about today’s Manali Petrochemicals Share Price.