Phillips Carbon Black Share Price

Phillips Carbon

CMP as on 27-Nov-20 16:02

₹ 166.85
1.20 0.72%

Open

₹ 165.60

Turnover (lac)

₹ 1,545

Prev. Close

₹ 165.65

Day's Vol (shares)

₹ 9,26,010

Day's Range (₹)

₹ 164.80
₹ 169.70

CMP as on27-Nov-20 15:42

₹ 167.10
1.65 1%

Open

₹ 167.65

Turnover (lac)

₹ 34

Prev. Close

₹ 165.45

Day's Vol (shares)

₹ 62,798

Day's Range

₹ 165.00
₹ 169.65

Philips Carbon Black (PCBL) is a part of the RP-Sanjiv Goenka Group, Indias youngest business group. The company was incorporated on March 30, 1960 and is the largest Carbon Black producer in India. Carbon Black which is the main raw material in the production of automotive trye is produced using carbon black feedstock (CBFS) and tar oil. With four manufacturing units at Durgapur in West Bengal, Mundra and Palej in Gujarat and Kochi in Kerala, PCBL has a total rated production capacity of 5,15,000 MT per annum and 76 MW of green power. As on 31 March 2018, the Company has three subsidiaries as on date, namely, Phillips Carbon Black Cyprus Holding Limited, PCBL Netherlands Holdings B.V. and Phillips Carbon Black Vietnam Joint Stock Company.The Company is a large conglomerate having interests in Power and Natural Resources, Carbon Black, Retail and Fast-moving Consumer Goods (FMCG), Media and Entertainment, Infrastructure and Information Technology (IT) and Education and Sports, amongst others. With its efficient supply chain and distribution network, PCBL a market presence in more than 30 countries.The company has a well-organised distribution network and its consignment agents cover the entire network of tyre manufacturing units, tyre re-treading units and other consumers all over the country.PCBL is the first manufacturer of carbon black in India covering the manufacturing, marketing and designing functions.PCBL was set up in association with Phillips Petroleum, a US-based company, in 1960. PCBL started its commercial production in Decemeber, 1962. PCBL had a technical collaboration with Columbian Chemical for about a decade.PCBL came out with an issue of equity shares at a premium of Rs 30 aggregating Rs 33.53 cr in Feb. 94. In 1996-97, Carbon and Chemicals India Ltd was amalgamated with the company, effective 1st April 1997. Due to an accidental release of carbon black smoke, the company was forced by the KPCB to close its Cochin factory. The companys production as well as the exports was also affected due to this closure of unit. After a disruption of 3 months the production was restored. To meet its annual demand the company has shifted its 10000 MT idle capacity from Cochin to Duragpur. The company commissioned a facility to produce 50000 MTPA carbon black at its Kochi plant during Q4 FY 2014. With this, the Companys total capacity increased to 472,000 MTPA.During the year 2014, the company successfully developed new grades of carbon black for domestic and international markets, improved product characteristics to meet more stringent customer specifications, continued recasting of Standard Operating Procedures, established state of the art rubber application laboratory and modified reactor design operating conditions to improve yield.The Board of Directors of the company at their meetings held on 5th October 2016 and 18th January 2017 approved the draft Scheme of Amalgamation of Goodluck Dealcom Private Limited, a wholly owned subsidiary of Phillips Carbon Black Limited with Phillips Carbon Black Limited under Sections 230 to 232 of the Companies Act, 2013 subject to regulatory approvals. The Appointed date for the Scheme of Amalgamation was 1st April 2016. The aforementioned Scheme has been approved by the public shareholders of the Company through Postal Ballot and e-voting. The Kolkata Bench of the Honorable National Company Law Tribunal (NCLT) sanctioned the Scheme of Amalgamation of Goodluck Dealcom Private Limited with the company vide its Order dated 19th July 2017.Pursuant to the Special Resolution passed by the Shareholders of the Company by way of Postal Ballot / E-voting on 3rd April 2018, the Company had sub-divided 1 Equity Share of the face value of Rs 10/- per share, fully paid up, to 5 Equity Shares of the face value of Rs 2/- per share, fully paid up, effective from 21st April 2018.During the year 2019, the Company completed its brownfield expansion at its Mundra plant, thereby increasing capacity by 56,000 MT taking the total capacity to 5,71,000 MT.

  • Chairman

    Sanjiv Goenka
  • Independent Director

    O P Malhotra
  • Independent Director

    K S B Sanyal
  • Independent Director

    Paras K Chowdhary
  • Independent Director

    Pradip Roy
  • Company Secretary

    Kaushik Mukherjee
  • Managing Director

    Kaushik Roy
  • Director

    Shashwat Goenka
  • Independent Director

    Kusum Dadoo
  • Director

    Preeti Goenka

Registered Office

31 Netaji Subhas Road,
,Kolkata,
West Bengal-700001
India

REGISTRAR OFFICE

Room No 502 & 503,
Vaishno Chamber,Kolkata-700001
INDIA

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