Andhra Petrochemicals Share Price Andhra Petrochem

22.25

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Managing Director P Narendranath Chowdary
Director M Thimmaraja
Independent Director A A Krishnan
Director Ravi Pendyala
Independent Director D Manjulata
Nominee (IDBI) Animesh Kumar Sinha
Director V N Rao
Director Solomon Arokia Raj
Independent Director P Kotaiah
Addtnl Independent Director P Venkateswara Rao
Company Secretary Mullapudi Veera Venkata Satya Vara Prasadu
Additional Director M Gopalakrishna
Additional Director Rajat Bhargava
Additional Director Y S S Suresh

Incorporated on 18 Apr.84, Andhra Petrochemicals was jointly promoted by Harish Chandra Prasad of Andhra Sugars and the Andhra Pradesh Industrial Development Corporation.With a capacity of 30,000 tpa, the Rs 150-cr project planned to manufacture oxo-alcohol, was set up with a licence from Davy McKee, London. The project went on stream in Oct.93 with a cost overrun of Rs 45 cr. To finance this, the company came out with a rights issue in Jan.93.1994-95 was its first full year of operations. 2-ethyl hexanol of the family of oxo-alcohol, finds application in the manufacture of plasticisers which are used as additives to PVC, and also in stabilisers, acrylates, finishing compounds for printing inks, emulsion paints, tube additives and surfactants.N-Butanal of the family of oxo-alcohol is used in rubber, chemicals, printing inks, resins and urethane catalysts, adhesives and varnishes, pharmaceuticals and in dyes and pesticides. During the year 1996, major replacement was undertaken to improve plant performance. As per conversion of term loan into equity shares, the company has converted a sum Rs 13 cr out of loans into fully paid up equity shares at par on Mar96. The Andhra Sugars Ltd. (Promoter Company) contributed Rs 13 cr under financial restructuring plan and 88,73,720 equity shares were issued at a premium of Rs 4.65 per share under preferential allotment on Jun96.The installed capacity of Oxo Alcohols increased by 6000 MT during 2000-2001.

REGISTERED OFFICE

Venkatarayapuram,
Tanuka,Godavari West,
Andhra Pradesh-534215

Tell. : +91-8819-224075/220975
Website : http://www.andhrapetrochemicals.com
Email : info.tnk@andhrapetrochemicals.com/investors@andhra

REGISTRAR OFFICE

Plot No 3 Sagar Soci,
Banjara Hills,Hyderabad - 500034
INDIA

Tell. : +91-40-23545913/4/5
Website : www.xlsoftech.com
Email : xlfield@rediffmail.com