Laxmi Organic Industries Ltd
NSE: LXCHEM BSE: 543277
₹181.39
(2.27%)
Fri, 09 Oct 2026, 07:41 pm
Market Cap (in Cr)4923.26
PE Ratio40.03
Dividend0.17
Process Industries
Chemicals: Specialty
24.5KCompany History
1989
- The company received a certificate for commencement of business.
- The company was incorporated as Laxmi Organic Industries Limited at Mumbai, Maharashtra.
1992
- The company commissioned the AI Manufacturing Facility at Raigad for manufacturing of glacial acetic acid.
1996
- The company commenced production of ethyl acetate.
2004
- The company installed two windmills at Chitradurga district, Karnataka with capacities of 0.6 MW each.
- The company received ISO 9001-2000 certifications for manufacture and marketing of ethyl acetate, acetic acid and absolute alcohol.
2006
- The company installed a windmill at Ghatnandre, Sangli, Maharashtra with a capacity of 1.25 MW.
2008
- The company expanded ethyl acetate manufacturing capacity at the AI Manufacturing Facility to 51,000 MT.
- The company set up a distillery at Jarandeshwar.
2010
- The company acquired Clariant’s ketene/diketene business and expanded into diketene and diketene derivatives products.
- The company received ISO 14001:2009 and OHSAS 18001:2007 certifications for manufacturing and marketing of ethyl acetate, acetic acid and its derivatives, acetaldehyde and absolute alcohol.
2011
- The company increased diketene and diketene derivatives capacity from 8,900 MT to 13,380 MT.
- The company expanded ethyl acetate capacity to 120,750 MT.
- The company set up a DSIR approved R&D centre at the SI Manufacturing Facility.
2012
- The International Finance Corporation invested in the company.
2013
- The company incorporated Laxmi Organic (Europe) B.V. in Netherlands, Europe.
- The company incorporated Laxmi Petrochem Middle East FZE in Sharjah.
2018
- The company commissioned the hydro-electric power project at Yedgaon.
2019
- The company received DSIR registration for the Rabale Innovation Centre.
2020
- VLPL acquired assets from Miteni.
2021
- The company received a USDA Certified Biobased Product label from the U.S. Department of Agriculture for ethyl acetate.
- The company signed definitive agreements for the YCPL Acquisition.
- The company received ISO 45001:2018, ISO 9001:2015 and ISO 14001:2015 certification for manufacturing, marketing and sales of ethyl acetate, acetic acid and its derivatives, acetaldehyde and absolute alcohol.
- The company invested in Cleanwin Energy One LLP and executed a power purchase agreement.
