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Saturday, November 7, 2009

Kanoria Chemicals & Industries Ltd:Future growth prospects and outlook

Scripscan:Kanoria Chemicals & Industries Ltd

Story:Kanoria Chemicals & Industries Limited engages in the manufacture and sale of chemical intermediates in India. It offers chlor-alkalis, chlorine derivatives, and water treatment chemicals, as well as alcohol-based intermediates. The company’s products include alco chemicals, such as acetaldehyde, ethyl acetate, ethyl alcohol, formaldehyde, carbon dioxide, glacial acetic acid, hexamine, DI-pentaerythritol, pentaerythritol, sodium formate, and organic fertilizer; chloro chemicals comprising aluminum chloride, caustic soda, chlorinated paraffin wax, hydrochloric acid, liquid chlorine, stable bleaching powder, and trichlorobenzene; and water treatment chemicals, including caustic soda, poly aluminum chloride, and stable bleaching powder. Kanoria Chemicals & Industries also offers industrial gases, such as carbon dioxide, hydrogen gas, and nitrogen gas.The first phase of the Companys Greenfield project at Vishakhapatnam for manufacturing 105,000 TPA and 5,600 TPA of Formaldehyde and Hexamine respectively is in progress. The project is expected to be commissioned by end of July 2010.The company seems to have left its worst times behind.Results are expected to good going forward.At 30 odd rs its a hold as of now.Any solid numbers should be used to accumulate the counter.

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