IOLCP Business Profile
IOL Chemicals is in the Organic Chemicals sector. IOL Chemicals and Pharmaceuticals, established in the year 1986, is a manufacturer and supplier of industrial chemicals and bulk drugs used in various pharmaceutical applications. Earlier known as Industrial Organics, it got its present name on Dec. 05, 2006.
The company`s product portfolio includes industrial organic chemicals such as acetic acid, glacial acetic acid, ethyl acetate, acetic anhydride and bulk drugs like ibuprofen. These products cater to the industrial sectors of textiles, pharmaceuticals and packaging. The manufacturing plant is located at Barnala in the Sangrur district of Punjab. Having implemented the expansion-cum-captive co-generation project in FY07-08 at a total capital outlay of Rs 769.4 million, the enhanced installed capacities have increased to 50,000 TPA acetic acid, 33,000 TPA ethyl acetate, 12,000 TPA acetic anhydride, and 3,600 TPA ibuprofen. A 4 MW co-generation power plant has also been set up. Under the expansion-cum-forward and backward integration project at a capex of Rs 2.16 billion, 65 acres of land was acquired for its backward and forward integration project.
Recent awards include the 2nd prize in the chemical sector for National Energy Conservation Award-2007 awarded by the Ministry of Power, Government of India. The company`s client list includes names such as Ranbaxy Laboratories, CIPLA, Flex Industries, ICI Paints, Asian Paints, Pidilite, Rallis India, Hindustan Polymide, Gujarat Super Phosphate, and Avon Organics among others. It has presence in countries such as Bangladesh, Thailand, UAE, Syria, Singapore, Hong Kong, Pakistan, Egypt and many others.
The current market capitalisation stands at Rs 54.60 crore.The company has reported a standalone sales of Rs 155.24 crore and a Net Profit of Rs 1.07 crore for the quarter ended Sep 2013.
The company management includes Vijay Kumar Garg - Joint Managing Director, Vijay Singla - Director - Works, Ravi Pratap Singh - Director, Yogesh Goel - Director.
It is listed on the BSE with a BSE Code of 524164 and the NSE with an NSE Code of IOLCP.
Its Registered office is at Trident Complex, Raikot Road, Barnala,Punjab - 148101.