|Kothari Petrochemicals Limited (KPL) is a public limited company in the private sector belonging to the H.C. Kothari Group of Companies. The Company has been promoted by Kothari Sugars and Chemicals Limited (KSCL) the flagship company of H C Kothari Group. The Company was incorporated at Madras on 28/04/1989 under the name and style of Kothari Petrochemicals Limited.
During the period 1989-95, the company was exploring the viability of various petrochemical projects, and evaluating their techno-economic feasibility.
The Company is presently implementing a project for the manufacture of Caustic Soda and Chlorine at Karaikal in the Union Territory of Pondicherry.
B. MAIN OBJECTS OF THE COMPANY
The main objects as set out in the Memorandum of Association of the Company are as follows:
1. To implement letters of intent/licences received/to be received by Kothari Sugars and Chemicals Limited, a Company registered in the state of Tamil Nadu relating to Petrochemicals Project to be established at Manali Complex in the State of Tamil Nadu or elsewhere in India.
2. To carry on in India and in any part of the world the business of processing, converting, manufacturing, formulating, using, buying, dealing, aquiring, storing, packaging, selling, transporting, distributing, importing, exporting and disposing of all types of petrochemicals like Polybutenes, lubricant and lube oil additives, Naphtha, Methane, Ethylene, Propylene, Butanes, Naphthalene,Cyclohexane, Cyclohexanone, Benzene, Nitro Aromatics, Phenol, Acetic Acid, Cellulose, Acetate, Vinyl Acetates, Caprolactam, Adipic Acid, Hexamethylene, Diamine Orthoxylene, Pthalic Anhydride, Alkyd resins, Unsaturated Polyester Resins, Polyester fibres and films, mixed Xylenes,Paraxylene, Meta-xylene, Toluene, Cumene, Phenol, Styrene, Synthetic Rubbers, Butanes, Butadiene, Methacrolein, Maleic Anhydride, Methacrylates, Urea, Methanol, 1-2 Butane diol, Formaldehyde, UF, PF and MF resins, Polymethyl Methacrylate, acetylene, PVC, Methanol, Melamine and derivatives thereof, whether liquid, solid, or gaseous, dichloride, Ethylene Oxide, Ethyleneglycol, Polyglycols, Polyurethanes,Paraxylenes, Polystyrenes, Polypropylene, Isopropanol, Acetone, Acrylonitrile, Acrolein, Acyclicesters, Acrylic Fibres, Allyl Chloride, Epicholorohydrin, aliphatic and aromatic alcohol, aldehydes, ketones, vinyl chloride, acrylics, and all gases, Epoxy resins and all other petro chemical products and polymers in all their forms like resins, fibres, sheets, mouldings, castings, cellophane, disinfectants, insecticides, fungicides, deodorants, as well as bio-chemical, and other preparations, Hydrogen peroxide and compounds of peroxide, Nitrochloro benzenes, Chlorobenzenes and derived compound thereon.
3. To carry on in India and in any part of the world business of processing, converting, manufacturing, formulating, using, buying, dealing, acquiring, storing, packaging, selling transporting, distributing, importing, exporting and disposing all types of chemicals, heavy chemicals including Soda Ash, (Sodium Carbonate) of all grades, Sodium Bicarbonate of all grades, Sodium Chloride of all grades, Caustic Soda of all grades Compounds, Citric Acid and its derivatives, Hydrochloric Acid, Calcium, Oils, Greases, Synthetic chemicals derived from Petroleum hydro-carbons elements chemicals compounds and products of any nature and kind whatever including by-products, derivatives and mixtures thereof.
-Kothari Petrochemical has declared the Interim Dividend @ Rs.0.50p (5%) per Equity shares of Rs.10/- each.
-Kothari Petrochemicals has recommended the payment of Final Dividend @ 5% (Re. 0.50 (Fifty Paise) per share on face value Rs. 10/- each)
-The Company have incorporated a wholly owned subsidiary company namely Kothari Petrochemicals Pte.Ltd., Singapore in a bid to explore and improve the market share in the South East Asia.
-Mrs.Nina Bhadrashyam Kothari was appointed as Additional Director (Non-Executive & Non-Independent),Dr.R.K.Raghavan was appointed as Additional Director (Independent Director) and Mrs.Jayalakshmi Ramaswamy was appointed as Chief Financial Officer (CFO).