DE Nora India Ltd - DE NORA INDIA Share Price

Summary

Titanor Components (TCL) was incorporated in Jun.89 and commenced business in Nov.89. It was promoted by Kamljit Singh and Krishan Mohan Khanna and is currently managed by chairman Franco Ladavas. It has a technical-cum-financial collaboration with Oronzio De Nora group, Italy (40% stake). The company came out with a rights issue in Aug.92 aggregating Rs 6.5 cr to finance a new plant at Goa and working capital requirements. It manufactures coated metal electrodes, water electrolysers, electro-chlorinators, cathodic protection systems catering to the chlor-alkali industry. The company had acquired the metal anode division of Wimco in Nov.89. In 1995-96, the company shut down one of its plant at Rampur (UP) as part of its cost reduction exercise. During 1996-97, the companys electrochlorinator product seaclor mac has received acclaim from concerned authorities in the state of Gujarat, Maharashtra, Tamilnadu, Goa and Pondicherry. The company has been entrusted with additional responsibility of handling cathodic protection business in Far-East and Australia by the De Nora Group. The company is also in the process of preparing documentation for ISO 9002 certification.The companys new marketing strategies for the new products has given positive results during the year 1999-2000 , but its full impact will be felt in the forthcoming years.The recessionary trend in the economy and particularly in the chlor alkali industry continued during the year 2000-01. However, currently the... Read More