|Dai-Ichi Karkare Limited (DIKL) was set up in 1960 as a private limited company for the manufacture of speciality chemicals. The Company entered into technical collaboration with the internationally known speciality chemicals manufacturer Dai-Ichi Kogyo Seiyaku Co. Limited of Kyoto, Japan (DKS) and commenced commercial production in 1963. The Company's plant is located at Kasarwadi, Pune. Speciality chemicals belong to a class of products which are tailor made and function specific. These
Chemicals find use in a wide range of industries. The Company was the first company in the country to produce ethylene oxide derived sunfactants and has pioneered development of wide range of speciality chemicals such as viscose modifiers for yarn, pour point depressant for transportation of crude oil and several other speciality high value added products. For its import substitution work the Company was awarded a certificate of merit by the Industrial Research Development Corporation in 1973 and by the Indian Merchants Chamber in 1984 for original research in the vital area of oil field chemicals. Over the years, the Company has carved a niche as one of the leading speciality
chemical manufacturers in India. The product range of the Company has grown in line with the changing needs of the Indian process industry. The Company's reliance on advanced chemical technology and engineering has led to the creation of a highly sophisticated and automated plant that has the versatility to manufacture different products under greatly varying conditions for highly diversified industries. Today the Company's clientele includes most of the best names amongst the Indian corporates. With a view to strengthen ifs relationship with the Company, OKS is investing in 165000 shares of Rs.10/- each of the Company at
a premium of Rs.90/- per share.
In addition, the Company through its joint venture subsidiary company has collaborated with a Fortune 500 company viz. Baker Hughes Inc., which is a giant US based conglomerate in the oil field chemicals and services sector. The Indian joint venture sources several sophisticated intermediary products from the Company. This has not only enhanced the range of the Company products but has also provided the Indian oil industry with the latest technology in oil field chemicals.
2002-Members of the exchange are hereby informed that Dai-ichi Karkaria Ltd has forfeited 5,11,000 equity shares due to non-payment of allotment /call monies.
-Kishor Baxi designated as Compliance Officer of Dai Ichi Karkaria.
-Dai-Ichi Karkaria signs MoU with GVK Biosciences on May 10, 2005