Kanoria Chemicals & Industries Ltd
NSE: KANORICHEM BSE: 506525
₹63.90
(0.84%)
Sat, 14 Mar 2026, 11:25 pm
Market Cap2.79B
PE Ratio0
Dividend0
Process Industries
Chemicals: Specialty
24.5KCompany History
1960
- Incorporated on December 17 for manufacturing heavy chemicals, caustic soda, chlorine products, jute goods, cloth and yarn.
1961
- Commenced business on March 27.
- Allotted 300,000 equity shares to promoters etc. and 50,000 to LIC; offered 20,000 preference and 450,000 equity shares to public at par.
1964
- Set up caustic soda plant at Renukoot, U.P. with Krebs & Co. Ltd Switzerland (16,500 tonnes capacity).
- Offered 15,000 preference and 50,000 equity shares to public in February.
1968
- Issued 50,000 equity shares at par.
1969
- Set up 5,000 tonnes stable bleaching powder plant with Friedrich Ltd. GmbH Dortmund.
- Commenced BHC technical manufacture with Kurcha Chemicals and C. Hon & Co. Ltd Japan.
1972
- Acquired salt works in Gujarat.
- Increased dividend on 19,990 preference shares from 9.5% to 9.8%; extended redemption date.
1974
- Increased BHC technical capacity to 6,000 tonnes per annum.
1976
- Increased stable bleaching powder capacity to 10,000 tonnes.
1977
- Issued 895,500 bonus equity shares in 1:1 ratio.
1978
- Increased BHC technical capacity to 12,000 tonnes.
1980
- Increased stable bleaching powder capacity to 15,000 tonnes.
1981
- Issued Rs. 200 lakhs 13.5% redeemable secured non-convertible debentures in November (interest increased to 15%).
- Issued 895,000 bonus equity shares in 1:1 ratio.
1982
- Took over management of Anil Synthetics Ltd effective March 1; allotted 3,100 equity shares to its members.
- Revalued Renukoot Chemical Works fixed assets as of June 30; surplus to capital reserves.
- Revalued Ludlow Jute Mills land and buildings as of March 31; surplus to capital reserves.
1983
- Commissioned pentaerythritol plant at Ankleshwar on June 27 (1,200 tpa pentaerythritol, 660 tpa sodium formate).
- Entered manufacturing arrangement with Kanoria Synthetics Ltd for Jawala Textile Mills effective October 1.
1984
- Redeemed all preference shares on March 28.
1985
- Installed 24 air jet looms and balancing equipment in Textile Division.
- Acquired assets of Ludlow Jute Co. Ltd. Indian branch; transferred Ludlow Jute Mills to subsidiary Aekta Ltd effective July 1.
- Amalgamated Renukoot Power Co. Ltd effective July 1.
- Terminated manufacturing arrangement with Kanoria Synthetics Ltd effective June 1.
1986
- Entered technical agreement with BTL Speciality Resins Corporation USA for 6,000 tonnes formaldehyde at Ankleshwar.
1987
- Expanded pentaerythritol capacity to 3,000 tonnes per annum; introduced membrane technology.
1988
- Set up Acetaldehyde chemical division at Ankleshwar.
1989
- Experienced initial problems with membrane technology.
- Entered agreement with PICUP for polypropylene plant in U.P.
- Renamed Kanoria Alkalis and Plastics Ltd to Kanoria Petroproducts Ltd effective January 19.
- Kanoria Petroproducts made public issue on May 10; ceased to be subsidiary after June 26 allotment.
- Issued 13,44,800 bonus equity shares in 1:2 ratio in June.
1990
- Commissioned Formaldehyde plant in April.
- Pentaerythritol production reached 2,900 tonnes; sodium formate 1,923 tonnes.
1991
- Set up 412 TPA Lindane plant at Renukoot.
- Commissioned 1,500 TPA Hexamine plant at Ankleshwar.
1992
- Issued 40,34,000 rights equity shares (1:1, premium Rs. 10); allotted 1,52,200 employee shares (of 2,01,800 offered).
1993
- Strengthened chemicals division through backward and forward integration.
- Commissioned 15 million litres per annum distillery in March 1994.
- Doubled Lindane plant capacity to 660 TPA in September 1994.
1995
- Joined Centre Internationale D'Etudes Du Lindane.
1999
- Engaged Anderson Consulting Pvt. Ltd. for strategic cost reduction exercise.
2000
- Introduced two new products to improve margins.
2004
- Increased Formaldehyde production capacity by 50%.
- Commissioned poly aluminium chloride plant at Renukoot, Uttar Pradesh.
2005
- Delisted equity shares from Calcutta Stock Exchange effective March 30.
- Ankleshwar Division awarded TERI Corporate Environmental Award 2003-04.
2007
- Appointed J.P. Sonthalia as director and Managing Director (Designate) - Chloro Chemicals effective February 1.
- Issued bonus shares in 1:2 ratio.
- Split face value from Rs. 10 to Rs. 5 per share.
2009
- Appointed Amitav Kothari as director effective May 5.
2010
- Commissioned greenfield Formaldehyde and Hexamine plant in Visakhapatnam, Andhra Pradesh.
2011
- Declared 30% dividend (Rs. 1.50 per Rs. 5 equity share).
- Commissioned 2.5 MW solar power project at Jodhpur, Rajasthan.
2012
- Announced acquisition of Switzerland-based APAG Group.
2013
- Signed MoU with Momentive Specialty Chemicals Inc.
2014
- Recommended 30% dividend (Rs. 1.50 per Rs. 5 equity share).
2017
- Acquired further shares in Kanoria Africa Textiles PLC.
2022
- Started commercial production of 6,500 MTPA Phenolic Resin Plant at Ankleshwar, Gujarat.
2024
- Added 18 MTPD Hexamine production capacity at Ankleshwar, Gujarat.
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